People are inclined to give much more legitimacy to market outcomes than policy outcomes engineered by governments. That is why there is a whole industry devoted to convincing people that the upward redistribution of income over the last three decades, which has given the bulk of economic gains to the One Percent, is really just the result of the natural workings of the market.
David Ignatius is one of the people who works in this industry. His Post column today urges readers to contemplate t...
Published on January 05, 2012 03:26