Alva Review-Courier -

Income inequality


December 23, 2016

Kathy Kristof of Practical Investing says, “Soaring executive pay is helping to fuel income inequality.” We have all heard stories of inequality as a threat to the economy and when it becomes extreme, the stalled or falling income of the poor and middle class leads to less spending, which leads to less demand, which leads to less production, and so it goes.

The father of modern economics, John Maynard Keynes, encouraged governments to use monetary policies to stimulate business, and his policies, put in place by the Feds in 2008, kept the recession from becoming a depression. Since the...

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