From Paul Krugman, a slide show exploring the links between inequality and this crisis.
Well worth reading and reflecting on.
Especially by those who like to argue it is all the debtors’ fault.
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Sorry Richard but this is a poor slide show which tells me very little. There is nothing in it to suggest people “had” to borrow beyond their means.
Its an interesting concept that the wealthy are massive under consumers so if there is more inequality then it causes the economy to lag and polarize, however I really really cant stand Krugman so it carries less weight with me, but still a very interesting way of looking at things and would argue in favor of wealth rather than income taxes.