New IMF study on inequality:
1. makes growth more volatile/vulnerable to stagnation
2. income redistribution has no meaningful effect on GDP
wasoxygen, I remember a few months ago during a discussion you posed me the question, "Does inequality in and of itself hurt the economy?" So Ostry and these other guys (who I would guess you don't align with) have found that "lower net inequality is robustly correlated with faster growth." Working my way through the study now. Thoughts appreciated, from you or anyone else.