The U.S. economy is failing to recover and Nobel laureate Joseph Stiglitz thinks he knows the reason. In a recent New York Times piece, Stiglitz faulted growing inequality in both opportunity and economic outcomes. One wonders what facts or statistical evidence bring him to this conclusion.

Inequalities in opportunity are as narrow as they have ever been in U.S. history. And even in the past, such inequalities never held back U.S. economic recoveries, so why should they do so now?