Friday, March 28, 2014

Economic consequences of income inequality

This is quite a long piece and non-students of economics may find it tough slogging. However, I think it's extremely significant because it provides the first strong argument I have heard of for why inequality (or the Middle Class Cull, as I call it) has significant negative consequences for countries and for the world.

http://blog.mpettis.com/2014/03/economic-consequences-of-income-inequality/


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