Reports from the Economic Front

a blog by Marty Hart-Landsberg

Market Magic

An article in the New York Times highlights the following two charts which were taken from an article soon to be published in an economics journal.

 

table 1

 

table 2

 

It is pretty apparent that for some time only a small segment of the US population gains from our economic expansions, the period when our economic system is supposed to be working well.  And of course few people enjoy any benefits from periods of recessions. 

 

It kind of makes you wonder why ordinary people would want to defend our existing system. 
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