Kentucky miners (
by Steve Timmer
Jul 24, 2013, 6:30 PM

They’ve been mining in Appalachia forever

So why isn’t everybody rich?

Tom Power, a Princeton-educated economist from the University of Montana, explains why. Part of the executive summary:

Nobody ever got rich picking the bananas. That, and nobody selling things to the people who pick the bananas ever got rich, because some days there are a hundred of them, and some days none. And the banana pickers don’t live there anyway. [More metaphor mixing at Left.MN]

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