Friday, February 8, 2019

Increasing Income Inequality in the U.S.: Deregulation to Blame?

Most Americans have no idea how unequal wealth as well as income is in the United States. This is the thesis of Les Leopold, who wrote How to Make a Million Dollars an Hour. In an essay, he points out that the inequality had increased through the twentieth century. His explanation hinges on financial deregulation. I submit that reducing the answer to deregulation does not go far enough.

The full essay is at "Increasing Income Inequality."

Les Leopold, “Inequality Is Much Worse Than You Think,The Huffington Post, February 7, 2013.