Prominent Harvard economist Lawrence Katz illustrates the American economy with an amusing analogy. He depicts it as an apartment block in which the penthouses have increased in size, the middle apartments are increasingly squeezed and the basement is flooded. But what gets people down the most, he says, is that
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Mark Carney on capitalism eating its children
Mark Carney, Governor of the Bank of England, formerly Governor of the Bank of Canada, isn’t exactly your average leftie. Indeed, bank governors tend to turn up on the opposite end of the political spectrum. Nonetheless, Mr. Carney, at a speech last week to the Conference for Inclusive Capitalism, sounded
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