Tuesday, January 25, 2011

Growing Economic Inequality a Major Cause of Crisis

This is a post by Washington's Blog. There exists considerable research supporting this thesis that economic inequality in itself is sufficient to produce financial instability. I like Washington's Blogs because he does such a great job referencing his sources in the context of the blog.
http://www.nakedcapitalism.com/2011/01/guest-post-robert-shiller-argues-that-rising-inequality-in-the-us-was-a-major-cause-of-the-recent-crisis-and-little-is-being-done-to-address-it.html

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