Nobel Prize winner & former chief economist for the World Bank Joe Stiglitz has a great piece up at Vanity Fair, no less, on how growing income inequality in the US destroys the social fabric - DanO referenced this as well in his good post below, but I wanted to call specific attention to recommending the entire piece.And I also want to recommend Harvard political economist and former consultant to LBJ and to the Treasury Dept, Francis Bator's commentary at the Financial Times, stating flat out "There is no US federal debt crisis (as distinct from a governance crisis and tax-phobia crisis.)" Here & here.
Oh, and in that vein I'll also flag some great news: In 2010, CEO pay went up 27%, while worker pay went up 2%. Things are looking good!
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