The Economy: Paul Krugman, “They’re Baaack!”

“They’re Baaack!”
by Paul Krugman

“The one percent, that is. Emmanuel Saez has updated his distributional estimates (pdf), and as expected the top 1% share, which fell in the crisis, has resumed its upward march. How many people wrote stories about how rising inequality was a thing of the past, when anyone who had looked at the data at all knew about the cyclical issue?”

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