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25/01/2013
Inequality Is Holding Back the Recovery
25/01/2013
La sanità e l'illusione delle riforme di struttura
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Un granello di sabbia si aggira per l'Europa
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Donne nella crisi, un rapporto europeo
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The Economic Fundamentals of 2013
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The power to 'create money out of thin air'

Inequality Is Holding Back the Recovery

25/01/2013

The re-election of President Obama was like a Rorschach test, subject to many interpretations. In this election, each side debated issues that deeply worry me: the long malaise into which the economy seems to be settling, and the growing divide between the 1 percent and the rest — an inequality not only of outcomes but also of opportunity. To me, these problems are two sides of the same coin: with inequality at its highest level since before the Depression, a robust recovery will be difficult in the short term, and the American dream — a good life in exchange for hard work — is slowly dying.

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