Sunday, October 19, 2014

"The Richest Large Country in the World Is Beggaring Its Own Future by Decades of Systematic Underinvestment"

"Kleinbard likens inequality apologists to courtiers telling their rich patrons what they want to hear. His years of serving affluent clients in private practice taught him that they genuinely believe they deserve their wealth.
"'They thought that money was naturally attracted to them because of their special qualities,' he told me. 'They would take better care of it and nurture it, and you would no more turn a baby out on a snowy slope than you would let these poor dollars into the hands of the unwashed masses.'"


In the Los Angeles Times, Michael Hiltzik talks with Edward D. Kleinbard about Kleinbard's new book, We Are Better Than This: How Government Should Spend Our Money.

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