What was the good of industrial development, what was the good of all the technological innovations, toil, and population movements if, after half a century of industrial growth, the condition of the masses was still just as miserable as before, and all lawmakers could do was prohibit factory labor by children under the age of eight?

The democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America.

Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so they dont even talk - sometimes not even with their girlfriend or boyfriend or friends - about what they are doing.

Without precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite.

The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and 20s.

No hypocrisy is too great when economic and financial elites are obliged to defend their interest.

It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.