Modern Money Blog Number Twenty One – Responses

Modern Money Blog Number Twenty One - Responses Budget Deficits and Saving Responses to Comments on Blog Number Twenty One by L Randall Wray New Economic Perspectives (October 28 2011) Sorry this is late - there were a lot of comments and I am traveling. Before we begin, a note and plea: we are getting … Continue reading Modern Money Blog Number Twenty One – Responses

The upward redistribution of income in the United States 1979 to 2007

by David F Ruccio Real World Economic Review Blog (October 27 2011) If it wasn't clear before it should be now: the distribution of income in the United States has become increasingly unequal over the course of the past three decades. It is increasingly unequal based on "market incomes", and it is only slightly less … Continue reading The upward redistribution of income in the United States 1979 to 2007

The Global Wealth Pyramid

by David Ruccio rwer.wordpress.com (October 28 2011) The unequal distribution of global wealth by individuals (not countries) should give us pause. Even the Wall Street Journal is impressed: Here's another stat that the Occupy Wall Streeters can hoist on their placards: The world's millionaires and billionaires now control 38.5% of the world's wealth. How do … Continue reading The Global Wealth Pyramid