Mainstream Economists Finally Admit that Runaway Inequality Is Hurting the Economy
WashingtonsBlog.com
December 19, 2013
But Bad Government Policies Are Making Inequality Worse By the Day
AP reported Tuesday:
The growing gap between the richest Americans and everyone else isn’t bad just for individuals.
It’s hurting the U.S. economy.
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“What you want is a broader spending base,” says Scott Brown, chief economist at Raymond James, a financial advisory firm. “You want more people spending money.”
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“The broader the improvement, the more likely it will be sustained,” said Michael Niemira, chief economist at the International Council of Shopping Centers.
The Rest…HERE