"[L]arge increases in inequality such as those observed in recent years," former Treasury secretary Lawrence Summers wrote in the Washington Post yesterday, "should call forth increased government activity."
In yesterday's "Ricochet Essay Assignment of the Day," more than three dozen Ricochetians proved that they're smarter than the former president of Harvard. (Summers is a "former" lots of things.) To offer, so to speak, a cherry on top, here is Margaret Thatcher, on November 22, 1990, her final day as prime minister.
What a magnificent woman.