Quote of the Day

“When inequality rises, the richest rake in their winnings and buy even bigger mansions and fancier cars. Those a notch below then try to catch up, and end up depleting their savings or taking on more debt, making a financial crisis more likely.” — Nicholas Kristof explaining (indirectly) how giving Steve Wynn the economic policy he demands will all but guarantee a rerun of 2004-09 bubble-and-burst cycle.