3 ms·
Interesting to note that the time when the wealth redistribution parameter must become negative to match data for the US economy is around the 1980s. This is al
by kiliantics 9y ago
Interesting to note that the time when the wealth redistribution parameter must become negative to match data for the US economy is around the 1980s. This is also around the time when a lot of "neoliberal" and "free-market" policies were introduced.
- kiliantics 9y agoCan't say I'm surprised at the downvotes here from the free-marketeers of HN but you can't deny that there were massive public spending cuts under Reagan, along with subsidies for private interests, which is basically what the negative value of tau represents.
- uoaei 9y agoAt this point one begins to realize that "Reaganomics" is more than just a dog whistle and actually had a huge impact on the working class. It's a twisted joke that Reagan was just inducted into the Labor Department's Hall of Honor.[1] [1] http://thehill.com/homenews/administration/347840-labor-department-names-ronald-reagan-to-hall-of-honor http://thehill.com/homenews/administration/347840-labor-depa...