Facts, Figures, and the Limits of Economic Knowledge

Experts say that the top 10 percent of United States income earners have only grown richer over the last several decades. This has led many to criticize wealthier Americans for “taking” from poorer Americans. They show you charts like these in the New York Times that presumably prove the point, where the line representing “the rich” moves up and to the right. The reality is that flesh-a

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