If you got behind Wall Street, you went to Lake Como every summer. If you left finance alone, you took a nice vacation in California. And if you took on the bankers, you drove a secondhand car.

Robert Johnson, director of the Institute of New Economic Thinking, quoting a “leading west coast economist”.

Via: Who came up with the model for excessive pay? No, it wasn’t the bankers – it was academics | Aditya Chakrabortty | The Guardian