Fall Fables and Fallacies: The Truth about Income Inequality
Over the past several years economic inequality has risen to the forefront of American political consciousness. Politicians, pundits, and academics paint a picture of a new Gilded Age in which a hereditary American gentry becomes ever richer, while the vast majority of Americans toil away in near-Dickensian poverty. Paul Krugman put it this way: “Describing our current era as a new Gilded Age or Belle Époque isn’t hyperbole; it’s the simple truth.” But is inequality as bad as portrayed? And, if so, is it really a problem? Читать дальше...