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ecib · 3745 days ago · link · · parent · post: "extreme inequality is damaging not only because it is morally unacceptable, but because it's bad economics"
As an aside, I heard a Marketplace segment this morning talking about specifically this. http://www.marketplace.org/topics/economy/we-probably-should-stop-taking-gdp-so-seriously The economist who created the GDP measurement warned himself that "The welfare of a nation can scarcely be inferred from a measurement of national income". Anyway, just thought I'd drop that in there.Faster growth isn't necessarily a sign of welfare.