
Inequality Was Responsible for the Depth of the Great Recession
The deeply unequal America of 2006 had a greater proportion of low-wealth households than the America of earlier postwar decades — that contrast really mattered.
The deeply unequal America of 2006 had a greater proportion of low-wealth households than the America of earlier postwar decades — that contrast really mattered.
A more equal distribution of wealth would make downturns in the economy less devastating.