Asymptosis

Lane Kenworthy lays out yet again the stunning rise in inequality in America since 1950, and especially during the period since the early eighties when supply-side economic thinking took effect. Meanwhile Greg Mankiw is presenting more don’t-worry-be-happy data.

Supply-siders will tell you that we need to embrace or least tolerate this inequality, because it’s necessary if our economy is to grow.

So, how’s that theory working out?

Hmmm….

Related posts:

1. Inequality is Necessary for Growth, Right?
2. More on American Inequality and (Lack of) Opportunity
3. Socialism and Prosperity: Does One Cause the Other?
4. Galbraith Translates “Trickle Down”: Eat Shit
5. Win-Win Utilitarianism: The Greatest Good For the Greatest Number