The subject of wealth & inequality is once again hot in America.
Nick Kristoff of the NYT says it’s official: We’re a banana republic, and he he blames our extreme income disparity for the financial crisis (John Carney has a good rebuttal, however, here).
Whether it’s problematic or not isn’t totally clear, but there’s no question that by historical and global standards, the US remains in a special league of its own.
Notre Dame econ professor David Ruccio has put together a fantastic presentation for his macroeconomics course (via @interfluidity) regarding wealth and inequality in the US, and how it compares.
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