Harvey sets the ball on the tee…Krugman knocks it out of the park
Yet it’s no accident that Mr. Pitt picked the wrong man. Mr. Webster was chosen over better candidates precisely because accounting industry lobbyists â€” a group that clearly still includes Mr. Pitt â€” believed he would be ineffectual.
Let’s call it the Pitt Principle. The famous Peter Principle said that managers fail because they rise to their level of incompetence. The Pitt Principle tells us that sometimes incompetence is exactly what the people in charge want.
With the beating that Pitt is taking today, I bet you could stick a lump of coal in his butt right now and have a diamond by noon Sunday…
(NY Times again. Time to use that shiny new registration…)