Economics Is Not A Morality Play.

Yes, Over The Centuries Economic Progress Has Reduced Some Gross Disparities - Modern Americans Are Relatively Unlikely To Simply Starve To Death (though It Can Happen), So In That Sense The Gap Between Rich And Poor Has Narrowed. But The Question Isn't Whether Society Is, In Some Sense, More Equal Than It Was In 1900. It's Whether It Is Radically More Unequal Than It Was In 1970. And Of Course It Is.

Wealthy Americans Who Benefit Hugely From A System Rigged In Their Favor React With Hysteria To Anyone Who Points Out Just How Rigged The System Is.

People Who Are Complaining About The Fed Are People Who've Been Predicting Runaway Inflation For Five And Six Years, And It Hasn't Happened.

Bad Ideas Flourish Because They Are In The Interest Of Powerful Groups.

I Believe That The Only Important Structural Obstacles To World Prosperity Are The Obsolete Doctrines That Clutter The Minds Of Men.