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May 18, 2012

The Cedar Lounge Revolution

Here’s a link to a New York Times article by Adam Davidson who also is involved in the excellent NPR Planet Money economics podcast and blog. It’s about Edward Connard, of Bain Capital, a company Mitt Romney has pushed into the public perception due to his own connections with same back in the day. Connard has written a book, an unashamed treatise entitled “Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong,” which argues that far from inequality being a socio-economic problem it is in fact a symptom of economic health. And the article headline The Purpose of Spectacular Wealth, According to a Spectacularly Wealthy Guy isn’t far wrong. Problem is, for Connard, that Connard is not the best man to be making the argument – even if one found it of any great merit. And here’s the thing, the first I heard of it was David…

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