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Does The Median American Care About Median Income? Does The Median Even Know?

John Cassidy put together some recent findings on inequality and showed a famous chart from Emmanuel Saez, of Berkeley, of the share of pre-tax income enjoyed by the top 1% richest earners in America compared with everyone else. The basic story

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Posted in Medianism

How The Fed Has Exacerbated Inequality

One of the confusing concepts in public economics is how the government prints money and where it goes.  The Treasury is responsible for literally running the presses that print the cash, but the Fed is in charge of deciding how

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Posted in Macro

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