Saturday, September 29, 2012

The Conscience of an Evolving Liberal

1. 6/28/2010 4:18:11 AM: Inequality and Crises (PDF):

Pre-2008: When I would talk to lay audiences about inequality, I would mention that we were reaching levels not seen since 1929 – and that would inevitably lead to questions about whether we would soon have another Depression. No, I’d say – there really isn’t a clear reason why high inequality should lead to macroeconomic crisis.

2. September 22, 2012: Inequality Kills

Kathleen Geier makes a point I should have noticed. She points to the shocking story in yesterday’s Times about sharply declining life expectancies for less-educated whites, and points out that these declines took place at a time of rapidly rising income inequality...

In any case, Geier is surely right: what we’re looking at is a clear demonstration of the fact that high inequality isn’t just unfair, it kills.

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