Tag: gdp per capita
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Ahh, for European Stability…
If there’s one thing people would like more of these days, it’s stability. When the economy rockets up one year, then plummets or stagnates the next, it’s bad for everyone–especially those farther down the income scale, who have less recourse in face of national and global events that are completely beyond their control. This got…
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More on Equality and Growth
I just came across this graph that I created a while ago, and never got around to posting. Trickle-down theorists would have you believe that inequality is necessary for growth and prosperity, or even that inequality causes growth. But in the decades after their theories took sway, growth declined. It came after therefore it was…