For a while there, it looked like the 2012 election was going to be a referendum on economic inequality. This would have been weird, in that economic growth and its twin, employment, are the clear issues of choice in these years of torpid economic recovery. Had President Obama succeeded in making the election about inequality, which it appears now he will not, it would have amounted to one of the great examples of changing the subject in recent political history (as I pointed out a few months ago in a talk at the Cato Institute).
But let it be clear that there are serious issues of economic inequality that deserve a hearing in our politics today.
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