The Truth About the Economy

Robert Reich describes what’s wrong with the economy in 2 minutes. His bullet points (thanks to Stephanie Kelton):

• The economy doubles since 1980, but wages flat. 
• Where did the money go… 
• All (or most) of the gains went to the super rich. And… 
• With money comes political power. Taxes on super rich slashed, revenues evaporate. This leads to… 
• Huge budget deficits. Middle class agitated, fights for scraps… 
• Middle class divided. Buying and borrowing slow. Resulting in: 
• Anemic recovery/economy. Read more...