Still Movin’ On Up

S TARTING on May 13, the Wall Street Journal ran a series of four front-page stories—totaling almost 10,000 words—about what it manifestly considered a major threat to the Republic. Two days later, the New York Times launched a series of a dozen stories about the same threat, most of the articles splashed on page one, above the fold: a total of nearly 50,000 words. BusinessWeek, the Christian Science Monitor, and the Los Angeles Times have taken up the story, too; Michael Kinsley, writing in the L.A. Times, even suggested that the Washington Post get into the act.

Was the furor about al-Qaeda? Iran? North Korean nukes? Nope. The sword of Damocles hanging over our national future— and discovered, coincidentally, by all of these mainstream liberal media outlets at once—is . . . income inequality. But a concerned citizen who wades through these tens of thousands of words, and pores over the studies they solemnly cite as authoritative, will find a simple, but highly reassuring, truth: There’s no story here.

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Donald L. Luskin

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S TARTING on May 13, the Wall Street Journal ran a series of four front-page stories—totaling almost 10,000 words—about what it manifestly considered a major threat to the Republic. Two days later, the New York Times launched a series of a dozen stories about the same threat, most of the articles splashed on page one, above the fold: a total of nearly 50,000 words. BusinessWeek, the Christian Science Monitor, and the Los Angeles Times have taken up the story, too; Michael Kinsley, writing in the L.A. Times, even suggested that the Washington Post get into the act.

Was the furor about al-Qaeda? Iran? North Korean nukes? Nope. The sword of Damocles hanging over our national future— and discovered, coincidentally, by all of these mainstream liberal media outlets at once—is . . . income inequality. But a concerned citizen who wades through these tens of thousands of words, and pores over the studies they solemnly cite as authoritative, will find a simple, but highly reassuring, truth: There’s no story here.