Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death (though it can happen), so in that sense the gap between rich and poor has narrowed. But the question isn't whether society is, in some sense, more equal than it was in 1900. It's whether it is radically more unequal than it was in 1970. And of course it is.
Paul KrugmanItโs not about the budget; itโs about the power...So will the attack on unions succeed? I donโt know. But anyone who cares about retaining government of the people by the people should hope that it doesnโt.
Paul KrugmanI've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
Paul Krugman