The lords of the hype are back at dooming our future (80s corporate raiding, golden parachutes, dot-com crash, Enron, real estate). Paul Krugman's article - "M

The lords of the hype are back at dooming our future (80s corporate raiding, golden parachutes, dot-com crash, Enron, real estate). Paul Krugman's article - "Making Banking Boring" http://www.nytimes.com/2009/04/10/opinion/10krugman.html?em http://www.nytimes.com/2009/04/10/opinion/10krugman.html?em - relates to a paper by economists Thomas Philippon and Ariell Reshef, “Wages and Human Capital in the U.S. Financial Industry, 1909-2006”), that shows a high correlation between a tightly regulated banking sector and economic progress.