The legacy, says Walter Russell Mead, of OWS might be little more than a few catch phrases: “1 percenters,” “the 99 percent” and “occupy x.” But beyond that? Not much, which is curious to WRM: But as a populist left … read more >
President Barack Obama has a theory of the case, yes he does. For the past 30 years, the living standards of middle-class Americans have gone nowhere even as the overall U.S. economy has grown markedly. The Obama explanation: Wealthier Americans … read more >
Liberal economist Emmanuel Saez has updated his much-referenced income inequality research. Here’s how the recovery is going after the Great Recession: In 2010, average real income per family grew by 2.3%, but the gains were very uneven. Top 1% incomes grew by … read more >
I just stumbled across a fascinating analysis of U.S. income inequality produced by the Federal Reserve Bank of St. Louis and currently being highlighted on its website. It’s from 2008, so there is no reason its pre-Occupy insights aren’t as valid today. … read more >
The Great Recession dramatically reduced U.S. income inequality, according to a new analysis from the Tax Foundation. In fact, income inequality—at least as measured by the income share of the top 1 percent of earners—is back to where it was … read more >
A great take from economic analyst Ed Yardeni on just how private equity makes the American economy stronger (bold for emphasis): Professionally, I tend to “hang out” with institutional investors. So it was very interesting to spend the past couple … read more >
Recall what Elizabeth Warren — consumer advocate, Harvard law professor, and now Democrat U.S. Senate candidate in Massachusetts — said last October when the Occupy movement was cresting: Democratic Senate candidate Elizabeth Warren claims much of the credit for the … read more >
A new Harvard poll finds that young people are not the feedstock of a new youth movement as so many on the left had hoped: Do you consider yourself to be a supporter of the Occupy Wall Street movement? So … read more >
I am quoted in today’s New York Times piece which notes, finally, the following: The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent … read more >
