The paradox of income equality
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In less than ten minutes, Clear Thinkers favorite Richard Epstein lucidly explains the societal benefits of providing economic incentives that produce inequality in a market economy (H/T Bart Bentley).
Watch Does U.S. Economic Inequality Have a Good Side? on PBS. See more from PBS NewsHour.
Merle Hazard’s latest, Diamond Jim (H/T Greg Mankiw)
H/T Greg Mankiw.