Addressing The Right Problem, Blaming The Wrong Elite
Some, like Ray Dalio, argue that the rise of populism has become the biggest threat to the markets. Many agree, populists very much included, that a rise in inequality and […]
The Top 20% Of US Earners Pay For All Transfer And Government
The bottom 60% of the US income distribution receives more in transfer payments than it pays in taxes. The top 20% pay for virtually all government and transfer payments, testifying […]
Envy Has Got Nothing To Do With It
Evidence is mounting that rising inequality is producing negative economic effects. These effects range from producing insufficient demand, financial instability, a decline in societal cohesion, trust and upward mobility. Those […]
Rising inequality destroys the economy
I earn 1000 times the median wage, but I do not buy 1000 times as much stuff. My family owns three cars, not 3,000. I buy a few pairs of […]
Rising Inequality and the Financial Crisis Revisited
Debate among the big beasts..
First the IMF, now Greenspan
The economic and social ills produced by rising inequality..
IMF warns for dire consequences of rising inequality
Civil wars, derailing economic recovery, wow…