I have never gotten it straight whether Vladimir Lenin actually did say: “The worse, the better.” But Eduardo Porter does!: The bloated incarceration rates and rock-bottom life expectancy, the unraveling families and the stagnant college graduation rates amount to an existential threat to the nation’s future. That is, perhaps, the best reason for hope. The … Continue reading A Note on Income Inequality, Its Social Cost, and the Political Economy of the Second Gilded Age