On the other hand, don’t hold your breath

Joseph Stiglitz hits the income inequality nail on the head

David Atkins quotes JS at Hullabaloo.

As Mr. Obama’s second term begins, we must all face the fact that our country cannot quickly, meaningfully recover without policies that directly address inequality.

What’s needed is a comprehensive response that should include, at least, significant investments in education, a more progressive tax system and a tax on financial speculation.

And then DA writes,

Stiglitz' proposed solutions are popular with the majority of voters.

They're just not popular with the majority of lobbyists, wealthy campaign backers, and millionaire media cocktail party types.

My vote in the 2016 Presidential Primary will go to the candidate who offers Mr. Stiglitz (and/or Mr. Krugman) the role of chief economic adviser.

We may hope sufficient millions feel the same way.

That would represent an altogether unexpected awakening of democracy in America.