All Posts Tagged With: "gap between rich and poor"
Interpreting the State of the World
Why are optimists about the state of the world disproportionately represented by classical liberals, libertarians, and free- market conservatives, while pessimists about the state of the world are disproportionately represented by statists? Why do left-leaning media such as the New York Times and CNN devote so much ink and airtime alleging that middle-class Americans have made [...]
1Jun2008 | Donald J. Boudreaux | 0 comments | ContinuedOur Skyrocketing Living Standards
In the mid-1950s, when I was a young child, I would occasionally see a man walking along the street with a grapefruit-size growth in his throat. The first time I saw such a thing I gasped. My mother hushed me up and told me later that the man had a goiter. The last time I [...]
1Sep2007 | David R. Henderson | 0 comments | ContinuedEye on the Ball
Like clockwork, on Aug. 28 the New York Times produced another page-one story purporting to show that living standards for many Americans have fallen, this time because wages in recent years have failed to keep up with inflation. This has been happening despite rising productivity and even taking into account the shift from cash to [...]
1Nov2006 | Sheldon Richman | 0 comments | ContinuedAmerica Is Headed Toward Plutocracy?
In a New York Times op-ed (June 14, 2002), columnist Paul Krugman lamented the increasing inequality between rich and poor, and expressed concern that this will lead to an erosion of democracy. He needn’t worry himself (more important, he needn’t worry his readers), since his argument depends on misleading arguments about wealth disparities and philosophical [...]
1Oct2002 | Aeon J. Skoble | 3 comments | ContinuedThe Futility of Class Warfare
With the collapse of socialism both as a theory and as a practical system of economic organization the world over, one might expect the rhetoric of class warfare to subside as well. But class warfare is alive and well in prominent academic circles and the mainstream national media.
It’s a familiar refrain: capitalism is doing itself in by concentrating wealth in the hands of a few. Saving the system from its own sins requires an activist government to intervene to make sure more people get their share of the economic pie.
1Jun1997 | Lawrence W. Reed | 0 comments | ContinuedThe Rich Get Richer, and the Poor Get . . .
The allegation is appearing everywhere: Real average wages are stagnating and the distribution of wealth and income in the United States is becoming more unequal. In his latest book, Galbraith cites recent Federal Reserve statistics: By 1992, the top 5 percent were getting an estimated 18 percent, a share that in more recent years has become substantially larger, as that of those in the poorest brackets has been diminishing.
1Mar1997 | Mark Skousen | 0 comments | Continued-
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