I am conscious that an equal division of property is impracticable, but the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property, only taking care to let their subdivisions go hand in hand with the natural affections of the human mind.… Continue reading Thomas Jefferson on Wealth Inequality
Year: 2010
The Triumph Of Romneycare
the healthcare exchanges set up for those shut out of the employer system have seen premiums decline 40 percent, even as all premiums have risen 14 percent nationwide. The power of the market. If the GOP were a serious governing party, they would focus on strengthening those exchanges in the federal bill, and working to… Continue reading The Triumph Of Romneycare
When Zombies Win
It’s also worth pointing out that everything the right said about why Obamanomics would fail was wrong. For two years we’ve been warned that government borrowing would send interest rates sky-high; in fact, rates have fluctuated with optimism or pessimism about recovery, but stayed consistently low by historical standards. For two years we’ve been warned… Continue reading When Zombies Win
When Zombies Win
It’s also worth pointing out that everything the right said about why Obamanomics would fail was wrong. For two years we’ve been warned that government borrowing would send interest rates sky-high; in fact, rates have fluctuated with optimism or pessimism about recovery, but stayed consistently low by historical standards. For two years we’ve been warned… Continue reading When Zombies Win
The Triumph Of Romneycare
the healthcare exchanges set up for those shut out of the employer system have seen premiums decline 40 percent, even as all premiums have risen 14 percent nationwide. The power of the market. If the GOP were a serious governing party, they would focus on strengthening those exchanges in the federal bill, and working to… Continue reading The Triumph Of Romneycare
Thomas Jefferson on Wealth Inequality
I am conscious that an equal division of property is impracticable, but the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property, only taking care to let their subdivisions go hand in hand with the natural affections of the human mind.… Continue reading Thomas Jefferson on Wealth Inequality
On Nixon Tapes, Disparaging Remarks About Ethnic Groups
Richard M. Nixon made disparaging remarks about Jews, blacks, Italian-Americans and Irish-Americans in a series of extended conversations with top aides and his personal secretary, recorded in the Oval Office 16 months before he resigned as president. From On Nixon Tapes, Disparaging Remarks About Ethnic Groups – NYTimes.com That’s our Nixon.
China’s Dangerous Lower Middle Class
Back in the 1990s it was often fashionable to argue that increased prosperity would magically transform China into a more liberal political system. Today, that’s clearly not the case. What we’re seeing here, though, is the more likely mechanism for political change—dashed hopes. Peasant farmers often just feel beaten-down and resigned to their fate. But… Continue reading China’s Dangerous Lower Middle Class
China’s Dangerous Lower Middle Class
Back in the 1990s it was often fashionable to argue that increased prosperity would magically transform China into a more liberal political system. Today, that’s clearly not the case. What we’re seeing here, though, is the more likely mechanism for political change—dashed hopes. Peasant farmers often just feel beaten-down and resigned to their fate. But… Continue reading China’s Dangerous Lower Middle Class
Tyler Cowen on The Inequality That Matters
Does growing wealth and income inequality in the United States presage the downfall of the American republic? Will we evolve into a new Gilded Age plutocracy, irrevocably split between the competing interests of rich and poor? Or is growing inequality a mere bump in the road, a statistical blip along the path to greater wealth… Continue reading Tyler Cowen on The Inequality That Matters