Obama | Income Inequality Hurts

So, does inequality hurt growth? Some economists have said “absolutely,” and others have said “absolutely not.” Here’s a serving of both view points.

OBAMA IS RIGHT

• “Inequality is harmful for growth.”
• Inequality can lead to recessions.

OBAMA IS WRONG

• “Little overall relation between income inequality and rates of growth and investment.”
• Marketization, not inequality, is what matters.
• Inequality doesn’t lead to recessions.

via Income Inequality Is Killing the Economy, Obama Says—Is He Wrong? – Derek Thompson – Business – The Atlantic.

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