Thursday, October 27, 2011

Richard Epstein on PBS: Why income inequality is a good thing in free markets

Absolutely decimating a few of the myths on inequality in free markets - 9 minutes well spent. The key I think a lot of people miss is that inequality today in free markets is much different, looks and feels much different than what it's been like historically because the inequality isn't structural.

 The perverse effect of pursuing equality in free markets, is that it not only makes everyone poorer, but it entrenches the elites in that society. ( via

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