Detailed text transcripts for TV channel - MSNBC - 20171220:02:13:00
Inequality is right before the crash of 1929 that led to the great depression. the next big peak on the graph is right before the crash that took the economy down again in 2008 and 2009. and all this graph shows is that spikes in income inequality and financial crises are correlated. it doesn't so that one causes the other, but that correlation does kind of make you worry. and the really worrying forward-looking part of this reckoning is what's happened since we had that financial crisis in 2008 and 2009. you can see after the 1929 crash and the great depression that gilded age of massive weal...