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On the source: I generally like EconTalk and Russ Roberts, but they come from a particular ideological perspective. Roberts is at the Hoover Inst (a rightwing
by mediaobs1 8y ago
On the source:
I generally like EconTalk and Russ Roberts, but they come from a particular ideological perspective. Roberts is at the Hoover Inst (a rightwing think tank that gets major funding from rightwing billionaires). And EconTalk itself is funded by a libertarian (Koch-type libertarian, not Niskanen-type libertarian) foundation.
https://en.m.wikipedia.org/wiki/Liberty_Fund https://en.m.wikipedia.org/wiki/Liberty_Fund
I think Roberts has a lot of interesting podcasts but he’s flat wrong on this one.
I think Piketty, Saez, Zucman, Krugman, DeLong, Stiglitz, etc. are the people to read on wealth inequality and concentration.
Oh, and on that line- this recent series from TPM is great on wealth concentration and how it leads to uncertainty and unhappiness.
https://talkingpointsmemo.com/feature/what-is-social-insurance-why-does-it-matter https://talkingpointsmemo.com/feature/what-is-social-insuran...
And this older series from TPM on the same topic. (Brad DeLong)
http://talkingpointsmemo.com/features/marchtoinequality/fourmeltingsocialdemocracy/ http://talkingpointsmemo.com/features/marchtoinequality/four...