Income Distribution and Morality

When income distribution becomes lopsided such as it is in the United States today, a depression is highly likely. A lopsided income distribution is a classic sign of instability and precedes most serious economic downturns. Morality is not directly a part of the picture. The problem is mathematical in nature. High end spending is more discretionary than low end spending and is reduced rapidly at the first sign of an economic downturn.
Historical Statistics

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About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher of natural law, teacher and originator of the Fantasy Free approach to economics. James Quillian does not believe lies. Contact: news@quillian.net
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