he's got to work at Brookings....
This is the wierd part:
But society ought to think twice before trying to legislate away extreme wealth entirely. The super-rich may be gluttonous, but bear in mind that the same economic machinery that brought them excess also brought broad benefits to the rest of society. The last two decades have seen a rising share of income at the top ? but they've also seen unprecedented prosperity for average Americans. Middle-class income is today the highest it has ever been. Living standards are too. Longevity, healthcare quality and education levels are all at historic highs.
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
-- Jim Devine / "The truth is more important than the facts." -- Frank Lloyd Wright
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- <Possible follow-up(s)>
- Re: Potestman's article on put options before 9-11, Sabri Oncu Sun 18 Mar 2007, 21:05 GMT