
Myth of American Inequality
How Government Biases Policy Debate
Overview of Myth of American Inequality
Challenging everything you've heard about inequality, this Wall Street Journal Best Book reveals how government statistics dramatically overstate wealth gaps. With poverty potentially as low as 3% - not 11.6% - Gramm's Hayek Prize-winning analysis is reshaping economic policy debates nationwide.
Key Themes in Myth of American Inequality
- economic measurement bias
- government transfer payments
- statistical poverty distortion
- household consumption patterns
- income redistribution analysis
Quotes from Myth of American Inequality
Official statistics dramatically misrepresent America's economic reality.
Official poverty rates remained virtually unchanged during this period.
America has virtually eliminated material poverty as it was historically understood.
Obesity, not undernourishment, is now the primary dietary challenge.
Claims about widespread hunger misrepresent the USDA's 'food insecurity' metric.
Characters in Myth of American Inequality
- Phil GrammLead author and former U.S. Senator
- Robert EkelundCo-author and economist
- John EarlyCo-author and statistician
- Bruce MeyerEconomist whose consumption research is discussed
- James SullivanEconomist whose consumption research is discussed
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