The conservative meme of the moment on income inequality is that the middle class isn't getting screwed at all; it's doing just fine. “Don’t Believe Obama On Income Inequality,” writes Clark Judge, chairman of the conservative Pacific Research Institute, for U.S. News & World Report. “Obama’s Inequality Argument Just Utterly Collapsed,” writes James Pethokoukos in The American, a magazine produced by the American Enterprise Institute.
I've been a bit erratic lately in my blogging because I've been running around a lot to publicize my new book (and will be running around a bit more next week to do the same).
Edward Conard's forthcoming book, Unintended Consequences: Why Everything You've Been Told About The Economy Is Wrong apparently argues (among other things) that income inequality is good and that we need more of it. Conard is a former partner and protege of Mitt Romney at Bain Capital, which makes his argument especially piquant to the press. (Romney is taking care neither to associate nor disassociate himself from Conard's provocations.) I have not read Unintended Consequences, so I can't comment on the book in any comprehensive way.