05/04/2012 12:27 am ET

Paul Krugman: Our Political System Has Been Warped By A Small, Wealthy Minority

Before the Great Recession, I would sometimes give public lectures in which I would talk about rising inequality, making the point that the concentration of income at the top had reached levels not seen since 1929. Often, someone in the audience would ask whether this meant that another depression was imminent.

Well, whaddya know?

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