Nobel Prize Winning Economist Blasts America’s ‘Rent-Seeking’ Economy
I’m really grateful Angus Deaton was willing to come out and state the obvious. That is, the fact this economy isn’t what we’ve been told. In reality, it’s largely a rent-seeking based system, in which a meaningful percentage of the people who earn the most money are not only not adding value to society, they’re in fact parasites feeding off the general public.
Market Watch reports:
