Greg Mankiw and the Gatsby Curve – Paul Krugman – NYTimes.com

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)

This is a MUST READ article from Paul Krugman, Nobel Prize winning, liberal economist, writing in his Op-Ed blog published by the NYT. Check it out!

Greg Mankiw and the Gatsby Curve – NYTimes.com.

Personally, I strongly agree with Krugman’s article.

I remember than when I was a youngster in the 1960s, many people believed that with hard-work and education there was no limit to individual achievement.  Of course, there were barriers, just like today but it seemed a more equal society. Today, wealth and privilege opens doors for the children of the privileged 1%; for the other 99% there are more and more glass ceilings.

Any thoughts?

Enhanced by Zemanta