InvestingThe market’s best guess at the real, after-inflation, cost of money is back within the range of what once counted as normal.
America has put the era of low rates behind it.
Can it cope?
Locations:America
According to Mark Twain, “It ain’t what you don’t know that gets you into trouble.
It’s what you know that ain’t so.” “The Myth of American Inequality,” by Phil Gramm, Robert Ekelund and John Early, quotes that wisdom, then offers 250 pages of analysis proving it.
Has the average standard of living grown substantially since the 1960s?
Has inequality shrunk over that period?
Did post-1960 redistributive policies reduce the percentage of families living in poverty?