This is a must read. Tyler Cowen, in his latest (long) article in The American Interest, takes us through the evidence of income equality, opines on the actual impact, and then asserts some root causes. While I don’t necessarily agree with it all (mainly his assertion that the root cause is practice of ‘going short on volatility’), it is really a great read. Let’s discuss!
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“A neglected observation, too,...that envy is usually local. At least
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