from Lawrence Summers:

Inequality is about more than money

By Lawrence Summers
June 9, 2014

Graduates from Columbia University's School of Business hold a sign as they cheer during university's commencement ceremony in New York

With Thomas Piketty’s book, Capital in the 21st Century, rising to number 1 on best-seller lists, inequality has become central to the public debate over economic policy. Piketty, and much of this discussion, focuses on the sharp increases in the share of income and wealth going to the top 1 percent, .1 percent and .01 percent of the population.

from Nicholas Wapshott:

The surprise success of Thomas Piketty

By Nicholas Wapshott
April 30, 2014

The surprise success of the French economist Thomas Piketty’s income disparity blockbuster Capital in the 21st Century has forced battlelines to be drawn in the world of political economics.

from The Great Debate:

‘Rentiers’ are at root of 1 percent

By Charles R. Morris
March 12, 2014

The American public is catching on that almost all the benefits from the still-fragile U.S. recovery have gone to the top 1 percent of earners. One sign is that “inequality” has suddenly become a fighting word. Legendary venture capitalist Tom Perkins recently denounced the “demonization” of the rich -- and was quickly forced to apologize for comparing it to Kristallnacht.

from The Great Debate:

The middle class’s missing $1.6 trillion

By Charles R. Morris
February 13, 2014

The United States was the world’s first middle-class nation, which was a big factor in its rapid growth.  Mid-19th-century British travelers marveled at American workers’ “ductility of mind and the readiness…for a new thing” and admired how hard and willingly they labored. Abraham Lincoln attributed it the knowledge that “humblest man [had] an equal chance to get rich with everyone else.”

from The Great Debate:

Populism: The Democrats’ great divide

By Robert L. Borosage
February 5, 2014

One day after President Barack Obama called for moving forward on trade authority in his State of the Union address, Senate Majority Leader Harry Reid (D-Nev.) declared, “I am against fast track,” and said he had no intention of bringing it to a vote in the Senate.

from The Great Debate:

Obama’s small steps won’t fix inequality

By Helaine Olen
January 30, 2014

President Barack Obama is taking on the challenge of increasing the United States’ all but stagnant economic mobility.

from Unstructured Finance:

Greenlight’s David Einhorn slams Fed, again

By Jennifer Ablan
October 15, 2013

David Einhorn

David Einhorn is pointing at you Fed

Greenlight Capital’s David Einhorn, one of the most closely followed managers in the $2.2 trillion hedge fund industry, is out with his latest investment letter and provides another lambasting of the U.S. Federal Reserve for what he describes as short-sighted policy decisions with regards to its continued quantitative easing.

from The Great Debate:

Why conservatives spin fairytales about the gold standard

By Charles Postel
September 17, 2013

ILLUSTRATION: Matt Mahurin

The Federal Reserve is celebrating its 100th birthday trapped in a political bunker.

from The Great Debate:

‘Democratic wing’ of Democratic Party takes on Wall Street

By Robert L. Borosage
August 1, 2013

The chattering classes are fascinated by the Republicans’ internecine battle to redefine the party in the wake of the George W. Bush calamity and the Mitt Romney defeat -- from Senator Rand Paul’s revolt against the neoconservative foreign policy, to intellectuals flirting with “libertarian populism.” Less attention has been paid, however, to the stirrings of what Senator Paul Wellstone dubbed “the Democratic wing of the Democratic Party” -- now beginning to challenge the Wall Street wing of the party.

from The Great Debate:

Rebuilding America’s high-wage economy

By Robert Kuttner
August 1, 2013

Good for President Barack Obama for emphasizing the need to restore America’s middle class. However, the actual proposals in his new summer offensive would not go very far toward that worthy goal.