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The Income Gap and Deficit Reduction: The Income Gap Will Grow by James K. Galbraith

The New York Times Room for Debate Blog

Thursday, December 30, 2010

In general, macroeconomic policies cut two ways on inequality — one via effects on economic activity, which if favorable, can reduce inequality by creating more jobs and raising wages, and the other through effects on the stock market, which can make inequality worse if stock prices rise.

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