America's raggedy economic fundamentals
America's raggedy economic fundamentals
- But America has a few profound structural defects in its economy that anyone can see. 1. Inequality. Galbraith identified the "bad distribution of income" as a major factor behind why the Great Depression was as bad as it was. Because rich people consume a smaller fraction of their income, a very ...
- But America has a few profound structural defects in its economy that anyone can see. 1. Inequality. Galbraith identified the "bad distribution of income" as a major factor behind why the Great Depression was as bad as it was. Because rich people consume a smaller fraction of their income, a very ...