Sunday, May 13, 2007

Debating Rising Inequality in the United States

Brad Delong sums up a very interesting debate on rising inequality in the US.

The argument is not whether inequality is rising or not, but rather why. The two positions:

The Krugman Camp, who argue that government policy matters.

The Mankiw camp who argue that it's technology or the premium to education or some similar factor.

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