Recommendable book review! The book: The Myth of American Inequality
by Phil Gramm, Robert Ekelund, and John Early
As an economics graduate and former professional economist myself I was intrigued among other things with the discussion of the very common practice of grouping of households by income quintiles. This grouping seems superficially objective and fair, but it is not! The top quintile and the bottom quintile are actually very different and should not be directly compared as is often done by those propagandists!
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