Inequality matters, and contrary to much "conventional wisdom", income redistribution can and does work in man countries. In fact, the evidence is that it results in faster growing and more productive economies. (Hat tip to Mark Thoma for this summary. I strongly urge readers to go to Born Poor?, by: Corey Pein: and read the … Continue reading Inequality Matters and Redistribution of Income Helps the Economy
Bubbles! From Calculated Risk: via Bubbles!.