Staircase to nowhere: 1992.(15 YEARS OF LIBERAL INTELLIGENCE)

BACK WHEN I WROTE "THE RICH, the Right, and the Facts" for The American Prospect in September 1992, I was trying to get two ideas across: The middle-class society of the postwar era was unraveling, and the right was lying about it.

It was a very straightforward exercise. My favorite figure was the graph showing how the postwar "picket fence" chart of widely shared growth had turned into a "staircase" of rising income inequality. And all I needed was a bit of elementary statistical analysis to demonstrate the falsity of the various obfuscations the ...

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