The CFR’s Philip Gordon and Prem Kumar on the Israelis getting away with murder again.
(Their slam on the Korea talks is ridiculous, but the rest of the piece is sound.)
Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...