One of the perennial excuses for leftist meddling with the economy is that earnings for the poor and middle class haven’t been rising, thus leading to the conclusion that government should take more money away from “the rich.” The Washington Post has recently been beating that drum. Sounds like a ready-made John Edwards issue.
Except it isn’t true. (Not that Edwards would ever let truth get in the way of a good campaign issue.) Alan Reynolds demolishes the Post’s argument here.
