Paul Krugman is a distinguished economist, Professor of Economics and International Affairs at Princeton University, a NY Times columnist, and a Nobel Laureate. As a frequent commentator on cable news shows, he speaks passionately about income inequality and politics. From his book, The Conscience of a Liberal, he notes that, “Impersonal forces such as technological change and globalization caused America’s income distribution to become increasingly unequal, with an elite minority pulling away from the rest of the population.” How ironic that Dr. Krugman will provide a first hand as a member of this “elite minority” benefiting from income inequality. The City University of New York appointed him as a Distinguished Professor at its Graduate Center and its Luxembourg Income Study Center, paying him $25,000 per month. The LIS Center will collect and use, “Microdata to research income, wealth or employment.” And not a moment too soon, given...(Read Full Post)