You may have noticed that President Obama recently started talking about middle-out economics—the idea that a thriving economy doesn’t start with the ultra-rich or with big corporations but, instead, with ensuring financial security for regular Americans.
But Obama didn’t coin the phrase middle-out economics. That honor goes to Seattle thinkers Eric Liu and Nick Hanauer, authors of The Gardens of Democracy and The True Patriot, and co-founders of the True Patriot Network. Liu and Hanauer present compelling evidence that the real job creators in the American economy are ordinary working families. When wealth concentrates only at the very top, ordinary folks have less to spend, and businesses have fewer customers. But when more Americans have a chance to attain financial security, our economy gets stronger.