« Why we are ruled by fools | Main | Should we be worried by low bond yields? »

Thursday, July 14, 2005

Comments

mitch

not sure of the economists coverage of the 'growing political divide' in the US but the following on the 'economic divide' comes from 7/13/96.

"Two changes have fed this worry about meritocracy. The first is the widening gap between rich and poor. Since 1970, the incomes of the least educated 10% have fallen while those of the best educated 10% have surged. The left used to blame the widening income gap on Ronald Reagan's tax cuts and the "decade of greed". But the gap has grown even faster under Bill Clinton.

"The second change is the worsening condition of America's underclass.

The comments to this entry are closed.

Information




  • TEST


  • Subscribe in NewsGator Online

Economist Weblogs

Disclaimer


  • This is a personal web site, produced in my own time and solely reflecting my personal opinions. Statements on this site do not represent the views or policies of my employer, past or present, or any other organisation with which I may be affiliated. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.