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American Inequality: From IT Bust to Big Government Boom

  • James K. Galbraith and J. Travis Hale
Published/Copyright: October 27, 2006

James K. Galbraith and Travis Hale argue that the IT bust and the subsequent fall in the NASDAQ led toward a convergence of income across American counties; yet amidst this movement toward greater equality, several counties have gone from rich to richer mainly due to increased government spending under the Bush administration.

Published Online: 2006-10-27

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