Income inequality – what is it really? And is it a problem?
Well, it depends on whom you ask.
Representing the “Yes, it’s a problem” camp is Christine Lagarde, a French politician who serves as the managing director of the International Monetary Fund. The IMF is a global lending organization (formed by 188 countries) that is best known for stepping in when troubled nations are having difficulty paying their bills. They offer loans for troubled economies, but also usually require strict budget cuts.