How Great Is Our Economy If the Bottom 50%'s Share of the Nation's Wealth Has Plummeted Since 2009?

Something has been going very wrong in the US economy for a very long time, and whatever is going wrong accelerated from 2009 to the present.

Longtime readers know I've covered America's soaring wealth and income inequality for many years, and so I read economist Noah Smith's recent post entitled Working-class wealth is improving with keen interest. I respect Noah's work, which is why I follow his Substack posts.

Here are some excerpts from his commentary:

"One of the truisms many Americans lea…