Comments on: Are You Better Off Than You Were Eight Years Ago? http://wonkroom.thinkprogress.org/2008/11/03/better-off/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: jayaram.h.v http://wonkroom.thinkprogress.org/2008/11/03/better-off/comment-page-1/#comment-31004 jayaram.h.v Sun, 08 Feb 2009 17:08:30 +0000 http://wonkroom.thinkprogress.org/2008/11/03/better-off/#comment-31004 the information only confirms the old biblical adage" to him who has more will be given"; unlike in the physical natural world money flows from a lower level to a higher level. this is the handiwork of the unseen hand of adam smith , the high priest of capitalism; the information only confirms the old biblical adage” to him who has more will be given”; unlike in the physical natural world money flows from a lower level to a higher level. this is the handiwork of the unseen hand of adam smith , the high priest of capitalism;

]]> By: Alexander Eppler http://wonkroom.thinkprogress.org/2008/11/03/better-off/comment-page-1/#comment-18794 Alexander Eppler Sun, 01 Feb 2009 05:14:33 +0000 http://wonkroom.thinkprogress.org/2008/11/03/better-off/#comment-18794 Could not have put it better ! Could not have put it better !

]]> By: Alexander Eppler http://wonkroom.thinkprogress.org/2008/11/03/better-off/comment-page-1/#comment-18790 Alexander Eppler Sun, 01 Feb 2009 05:13:32 +0000 http://wonkroom.thinkprogress.org/2008/11/03/better-off/#comment-18790 "... tell us something we didn't already know ..." “… tell us something we didn’t already know …”

]]> By: AlanDownunder http://wonkroom.thinkprogress.org/2008/11/03/better-off/comment-page-1/#comment-17434 AlanDownunder Sat, 31 Jan 2009 03:37:44 +0000 http://wonkroom.thinkprogress.org/2008/11/03/better-off/#comment-17434 Why the debt binge, the sub-prime mortgages, the securitisation, the investment grade ratings, the bloated shadow-banking industry, the consequent financial collapse? Primarily because of inequality. Too much excess wealth looking for investment returns and too many underpaid strugglers needing loans they couldn't afford in order to perpetuate gravity-defying aspirations masquerading as every American's birthright. Less inequality will bring about more stability. Why the debt binge, the sub-prime mortgages, the securitisation, the investment grade ratings, the bloated shadow-banking industry, the consequent financial collapse?

Primarily because of inequality. Too much excess wealth looking for investment returns and too many underpaid strugglers needing loans they couldn’t afford in order to perpetuate gravity-defying aspirations masquerading as every American’s birthright.

Less inequality will bring about more stability.

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