Is American Economic Inequality A Myth? Phil Gramm Thinks So

Americans can see vast differences in wealth all around them. It’s “a truth universally acknowledged,” the British news magazine Economist noted in 2020. But former senator Phil Gramm (R-TX) and mathematical economist John F. Early in their 2022 book, The Myth of American Inequality, assert that these are illusions.

Not surprisingly, a review of the boo…