Paul Krugman criticizes Wall Street's reaction to President Obama's financial regulations and tax proposals, highlighting the industry's desire for policies that serve their interests and immunity from criticism. He debunks the myth that financial wheeling and dealing has benefited the American economy, pointing out that productivity gains have not trickled down to workers. Krugman also notes the fragile egos of financial elites and their influence on politics.
documents/EFTA01101103.pdf
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