Mar

11

Production is not Consumption

Filed Under Economics | 2 Comments

Brad Schiller had a well-reasoned piece in the WSJ on the “Inequality Myth“. It’s a good read, but I’m going to pick a nit or two.
Schiller hints at the rhetorical sleight-of-hand that politicians use to stir the class-warfare pot:
Both candidates portray America as a nation where the fruits of economic progress have been usurped by [...]