"The best way to deal with the problem is to actually deal with the problem, to acknowledge it, to work on it," Dimon stated, emphasizing the urgency of addressing the national debt.
"I'm in favor of not having any rules against insider trading. I would like all the information out there as soon as it's available. Because look, as a society, we are better off knowing as soon as possible anything that is knowable."
They said they wanted to make a few changes [and] had three of them: 'One, we want to make this person in charge of that.' I said OK, well that didn't make sense to me. The second one, they wanted to put someone in charge of the global investment bank which I was running, I thought it was another stupid decision. And the third they said 'And we want you to resign.'
No matter who you are, you need to deal with reality and the truth. The truth is that while New York City has much going for it, particularly for financial companies, it also has the highest city and state corporate taxes and the highest individual income and state taxes.
We look at risk, at the broad range of outcomes, and there are negative outcomes. One of them would be inflation, I call it the skunk at the party. It's been coming down, but it seems to maybe have levelled off around 3%. If things make it go up-and this is only one thing, you can look at medical prices, construction prices, insurance prices, wages-inflation is a big thing.
"Don't put your head in the sand," he urged. "It is what it is. We're gonna deploy it." "Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably. . . . However, it may go too fast for society, and if it goes too fast for society that's where governments and businesses [need to] in a collaborative way step in together and come up with a way to retrain people and move it over time."