Everybody in Cambridge, Massachusetts can't stop talking about Jeremy Lin, writes Ken Rogoff. The Nobel Prize winning economist is a professor at Harvard, where Lin got his economics degree.
Rogoff is a fan of Lin. But he uses the "Linsanity" as a launchpad to talk about the ongoing debate about huge paydays.
Here's an excerpt from Rogoff's latest piece in Project Syndicate:
What amazes me is the public’s blasé acceptance of the salaries of sports stars, compared to its low regard for superstars in business and finance.