Category Archives: Income disparity

Memo to Readers: If You Want to Beat Big Finance, You Need to be Able to Take the Fight to Their Terrain

We are now 35 years into a finance-led counterrevolution. If you care about income inequality, student loan debt slavery, foreclosure abuses, and other products of the success of this effort, it behooves you, as Sun Tzu urged, to understand your enemy.

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Wolf Richter: How Soaring Housing Costs Impoverish a Whole Generation and Maul the Real Economy

Housing costs are beyond the reach of many middle class earners. And while that is no news, housing has been the engine of past recoveries. So inflated home prices are part of why the economy will stay mired in low growth.

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Branko Milanovic: Income Inequality and Citizenship

Dave here. This is a readable discussion of inequality between nations, but the conclusions suffer from the conceit that people – particularly people in poor countries – have universal freedom, wherewithal and mindset to pick and choose what country to which they want to emigrate. But other than that nitpick, worth a read. By Branko […]

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