The ‘average’ U.S. family is doing just fine, suggests the Federal Reserve’s latest triennial portrait of household wealth. But typical Americans are struggling something awful. Could both be true?
America’s top central bankers didn’t make time for inequality at their annual hobnob last week. Over in Germany, the world’s Nobel Prize winners in economics did. But few Americans noticed.
Wealth’s current tilt to the top sometimes seems almost eternal. But can our economy ‘self-correct’? A provocative new paper out of the developed world’s official research agency contemplates our future.
A leading conservative academic is charging that critics of America’s top-heavy distribution of income and wealth are missing the bigger picture. In the process, he’s only fogging that picture up.
To really take on grandiosity and greed, a new report from a prestigious CEO pay watchdog suggests, we may need to shove onto the global political stage the notion of a maximum wage.
The outsourcing of public services to private go-getters is concentrating wealth the whole world over. The best answer to that concentration? That just may be new forms of public ownership.
More than enough, the latest statistical evidence suggests, to warrant a full-fledged federal search. A new banking law in effect this month could start that search in the right direction.
Workers in the United States don’t make double what workers make in Japan or Switzerland. Why should U.S. CEOs routinely make double — and often much more — than Japanese and Swiss top execs?
Deep in the heart of Texas, still another billionaire is scheming to make public education a rewarding business investment opportunity.
A key keeper of the free-market fundamentalist flame wants us to know that all his rich and powerful red-state pals really do care about income maldistribution.