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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Monday, November 28, 2011

We are the 99.9%!

Nobel Laureate Economist Paul Krugman writes on famous Occupy Wall Street slogan 'we are the 99.0%' and its actual implication in terms of growing inequality in New York Times. A good one to know how the income inequality in the US has been growing up over the years based on risk-taking financial instruments made by financial innovators. It is, of course, a lesson for the financial market of Bangladesh.

Here is the link.

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