Who Cares?
27 April 2007
The Editor, New York Times
229 West 43rd St.
New York, NY 10036
To the Editor:
Paul Krugman seems mystified by the absence of more aggressive measures to equalize incomes ("Gilded Once More," April 27). He should read Olaf Gersemann's 2004 book Cowboy Capitalism. Among the many facts reported in that fact-filled volume is survey evidence showing that poor and middle-class Americans don't much worry about income distribution. The only people who, as a group, get spooked by such statistics are affluent Americans.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
The Editor, New York Times
229 West 43rd St.
New York, NY 10036
To the Editor:
Paul Krugman seems mystified by the absence of more aggressive measures to equalize incomes ("Gilded Once More," April 27). He should read Olaf Gersemann's 2004 book Cowboy Capitalism. Among the many facts reported in that fact-filled volume is survey evidence showing that poor and middle-class Americans don't much worry about income distribution. The only people who, as a group, get spooked by such statistics are affluent Americans.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Thursday December 6, 2007 at 12:40pm