Talk:Great Compression

Additions are needed

This is a very important topic and as income inequality grows it will be even more important. I hope someone can take the initiative and add to this section.99.169.66.28 (talk) 21:07, 28 April 2011 (UTC)[reply]

Deletion

Big deletion here.

Decades of conservative economic policies beginning in the 1980s have slowly resulted in a re-emergence of the wealth inequality that had existed prior to the great compression.^[1]^{[failed verification]} The reversal of the great compression has been called "the Great Divergence" by Krugman and is the title of a Slate article by Timothy Noah.^[2] Krugman also notes that era before the Great Divergence was one not only of relative equality but of economic growth far surpassing the "Great Divergence". ^[3]

Why? Ted87 says: "Source says the end of the Great Compression saw the rise of "movement conservatism". It doesn't say conservative policy caused it." http://en.wikipedia.org/w/index.php?title=Great_Compression&diff=518990022&oldid=499343612

Note "the source" (introducing this blog (see graph), Paul Krugman) is just part of what was deleted.

What does the source say?

.... the era of rising inequality has also been the era of “movement conservatism,” the term both supporters and opponents use for the highly cohesive set of interlocking institutions that brought Ronald Reagan and Newt Gingrich to power, and reached its culmination, taking control of all three branches of the federal government, under George W. Bush. (Yes, Virginia, there is a vast right-wing conspiracy.) Because of movement conservative political dominance, taxes on the rich have fallen, and the holes in the safety net have gotten bigger, even as inequality has soared.

--BoogaLouie (talk) 01:51, 13 February 2013 (UTC)[reply]

References

^ introducing this blog (see graph), Paul Krugman
^ The Great Divergence By Timothy Noah
^
- 2.7%/average annual growth of real income of typical family for the postwar boom, from 1947 to 1973; compared to
- 0.7%/annual income growth for the modern era of reasonable growth with rising inequality, from 1980 until the present. (The era of stagflation from 1973-1980 had no growth). Paul Krugman, The Conscience of a Liberal, p. 54-55)

[Krugman-1] troducing this blog (see graph), Paul Krugman

[2] The Great Divergence By Timothy Noah

[3] 
2.7%/average annual growth of real income of typical family for the postwar boom, from 1947 to 1973; compared to

0.7%/annual income growth for the modern era of reasonable growth with rising inequality, from 1980 until the present. (The era of stagflation from 1973-1980 had no growth). Paul Krugman, The Conscience of a Liberal, p. 54-55)

[4] 2.7%/average annual growth of real income of typical family for the postwar boom, from 1947 to 1973; compared to

[5] 0.7%/annual income growth for the modern era of reasonable growth with rising inequality, from 1980 until the present. (The era of stagflation from 1973-1980 had no growth). Paul Krugman, The Conscience of a Liberal, p. 54-55)

[1]

[2]

[3]