Income Inequality and Economic Growth

Turns out that excess income inequality can hamper growth. That, at least, is the claim of a recent book from the Brookings Institute. Here is an Opinion piece by one of the authors in Reuters. Income Inequality. 

This is a topic that deserves much more discussion, and I’ll get to it soon, I promise.

I think the idea is that when fewer consumers have fewer dollars, because more is accumulated at the top, there is lower economic demand. That seems obvious, but will require more analysis.

Author: Mike

I am a patent attorney in Lexington, Kentucky. My law firm web site is http://www.coblenzlaw.com. I ran for State Representative in 2010 and lost in the primary. Many of these posts are based on writing that I did for that election. Rather than delete it all, I decided to dump it onto the internet.

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