Thanks to Donna Albert for sending me a link to this video that is running on Grist among other places. It’s an interesting and entertaining piece on global distribution of wealth.
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Nicholas Gregory Mankiw was “chairman of the Council of Economic Advisers under President George W. Bush. In 2006, he became an economic adviser to Mitt Romney and continued during Romney’s 2012 presidential bid.” (source: wikipedia) In an opinion piece in the New York Times, Mankiw , who is Chair of the Economics Department at Harvard […]
Great indictment of "Private Inequity" firms
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See this concise exposé of private-equity funds in the New Yorker: Private Inequity. As a result, private-equity firms are increasingly able to profit even if the companies they run go under—an outcome made much likelier by all the extra borrowing—and many companies have been getting picked clean. … The real reason that we should be […]