Reagan’s OMB head: Wealth inequality is a problem…

 

…But not for the reason you may think.. .

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“We’ve had two huge bubbles that collapsed already in this century,” he said. “When this third bubble collapses—and surely it will—I believe that will be the day of reckoning. The credibility of all this central-bank-dominated, Wall-Street-coddling policy will be totally repudiated, and maybe then we can clean the slate and start over.”

 

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