Monday, October 20, 2014

The Bottom 90 Percent: No Better Off Today Than in 1986

A new working paper released this month by Gabriel Zucman and Emmanuel Saez (economists at the London School of Economics and the University of California, Berkeley, respectively) shows the lack of growth in real wealth by the bottom 90%.

Chart via The Atlantic.

Bottom line: Fed money printing combined with suffocating regulations benefits only the Crony Class.

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