15 June 2015   Leave a comment

The US Congressional Research Service is well-known for its ability to present information in a fairly objective manner (no source is free of bias).  It has released an analysis of US-Israel relations which is substantive and filled with information that is not readily available from news sources.   It was released on 1 June and is up-to-date.

The IMF has just issued a report on income inequality which essentially refutes the distributional model of market capitalism which is colloquially termed “trickle-down.”  The report finds that:

“We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down.”

The study seems to be fairly comprehensive: ““159 advanced, emerging, and developing economies for the period 1980–2012.”  It remains to be seen whether the IMF pays any attention to its own research.

Posted June 16, 2015 by vferraro1971 in World Politics

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