Who’s Who of Prominent Economists Say that Too Much Inequality Causes Economic Downturns

Inequality Is Bad For the Economy

A who’s-who’s of prominent economists in government and academia have all said that runaway inequality can cause financial crises:

Indeed, extreme inequality helped cause the Great Depression, the current financial crisis … and the fall of the Roman Empire.

It’s not just liberal economists who say this … many conservatives say the same thing.

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