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Who's Who of Prominent Economists and Billionaire Investors Say that Runaway Inequality Harms the Economy

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A who's-who's of prominent economists in government and academia have all said that runaway inequality harms economic growth, including:

  • Former U.S. Secretary of Labor and UC Berkeley professor Robert Reich
  • Global economy and development division director at Brookings and former economy minister for Turkey, Kemal Dervi
  • Societe Generale investment strategist and former economist for the Bank of England, Albert Edwards
  • Deputy Division Chief of the Modeling Unit in the Research Department of the IMF, Michael Kumhof
  • Former executive director of the Joint Economic Committee of Congress, senior policy analyst in the White House Office of Policy Development, and deputy assistant secretary for economic policy at the Treasury Department,  Bruce Bartlett

The father of free market economics - Adam Smith - didn't believe that inequality should be a taboo subject. And even the inequality-creator-in-chief - the Bernanke - has admitted that inequality harms the productivity and efficiency of the economy (video continues here).

Numerous investors and entrepreneurs agree that runaway inequality hurts the economy, including:

Numerous other billionaires and top investors

 

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