More Charts: It's the Inequality, Stupid
￼Eleven charts that explain what's wrong with America by Dave Gilson and Carolyn Perot at Mother Jones
Great quote of Marriner Eccles:
Marriner Eccles, the Depression-era chairman of the Federal Reserve (and an architect of the New Deal), blamed the Great Crash on the nation's wealth gap. "A giant suction pump had by 1929-1930 drawn into a few hands an increasing portion of currently produced wealth," Eccles recalled in his memoirs. "In consequence, as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When the credit ran out, the game stopped."
Study: Income Inequality Kills Economic Growth by Josh Harkinson at Mother Jones