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As Jeff Madrick makes clear, the single-minded pursuit of huge personal wealth has been on the rise in the United States since the 1970s, led by a few individuals who argue that self-interest guides society more effectively than community concerns. In telling the stories of these politicians,...
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.S. earnings (from the Current Population Survey), consumption, and financial income (both from the Consumer Expenditure Survey … individuals out of unemployment. There is a weakly positive effect on consumption inequality and no effect on financial income …
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