All posts tagged: inflation

Is income inequality a “problem”?

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Economics / Society & Culture

I was just watching the show “GPS” on CNN. Speaking on the subject of income inequality, host Fareed Zakaria said “everyone agrees that income inequality is a major problem.” His guest, Malcolm Gladwell (author of Blink) then explained a theory of how it started, with an expansion of capital in the 1970s, the elites in entertainment and major corporations began demanding higher incomes. My first thought was: I didn’t know that “everyone agrees” that income […]