Two economies: The market basket and The Market

In his recent book, Aftershock, Robert Reich builds a strong case for the disparity between the top income earners and the rest of us as the basis for our current economic turmoil.  He argues that there will be chronic, structural economic problems if those who produce goods are not able to purchase them.  Reich defines … More Two economies: The market basket and The Market

Top fractiles income share and the “good old days”

I hear some people pining for “the good old days” and how good things used to be.  Many times it seems like those same voices are also quick to fault the “socialist” programs of the Obama administration as the reason we are not enjoying the same prosperity as we did “back in the day”.  If … More Top fractiles income share and the “good old days”