University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
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University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
Read More
University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long.
Read More
In The Wall Street Journal Phil Gramm and Michael Solon write How to Distort Income Inequality- The Piketty-Saez data ignore changes in tax law and fail to count noncash compensation and Social Security benefits. excerpt: Messrs. Piketty and Saez also did
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In The Wall Street Journal Phil Gramm and Michael Solon write How to Distort Income Inequality- The Piketty-Saez data ignore changes in tax law and fail to count noncash compensation and Social Security benefits. excerpt: The chosen starting point for
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Kevin Williamson writes What to Do About Wages in The National Review. Excerpts: Inequality as such should be a complete non-issue. It is utterly meaningless as a measure of anybody’s real-world standard of living or of national prosperity. If real wages for
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Kevin Williamson writes What to Do About Wages in The National Review. Excerpts: The Left sees inequality as a cause of economic facts, not an effect of them. As EPI sees things, inequality is an independent actor, a motive force
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From my article in American Thinker, Everything that Counts” excerpt: While Piketty reviews a history of inequality, we should realize that the inequality of the feudal society of the middle ages, where force kept the poor in a lifetime of
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from Mark Perry at Carpe Diem, Sorry Krugman, Piketty and Stiglitz: Income inequality for individual Americans has been flat for more than 50 years MP: This is a very important finding that: a) individual income inequality has been flat for more
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Jonah Goldberg writes Mr. Piketty’s Big Book of Marxiness in the July issue of Commentary. Excerpt: “The consequences for the long-term dynamics of the wealth distribution are potentially terrifying,” Piketty writes. For instance, Piketty fears that whenever the return on capital really
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The economy has had one of the weakest recoveries is history as a result of higher taxes, higher regulations and an attitude and policy generally unfriendly to job creation and investment risk. This comes after years of increased intrusion into
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Jonah Goldberg writes Mr. Piketty’s Big Book of Marxiness in the July issue of Commentary. Excerpt: The most common and strongest complaint is that Piketty’s arrangement of the data paints a false picture of rising inequality in the United States. Harvard’s
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From my article in American Thinker, Everything that Counts: Vast inequalities may harbor the potential for social unrest, but that is muted by social mobility. Oprah and Andre Young (Dr. Dre) may have been born in poverty, but that has
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from John Steele Gordon in The Wall Street Journal, The Little Miracle Spurring Inequality Excerpts: The great growth of fortunes in recent decades is not a sinister development. Instead it is simply the inevitable result of an extraordinary technological innovation,
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Martin Feldstein writes in The Wall Street Journal, Piketty’s Numbers Don’t Add Up Excerpts: The second problem with Mr. Piketty’s conclusions about increasing inequality is his use of income-tax returns without recognizing the importance of the changes that have occurred in
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Dr. Dre (stage name for Andre Young) has hit the jackpot. From very modest beginning in Compton, California to success as a rap star to entrepreneur in the development of Beats headphones, he has discovered a market niche- high end
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Do people mind more about inequality than poverty? from Matt Ridley at his blog The Rational Optimist Excerpt: If you measure consumption inequality, it is far lower than pre-tax income inequality, because the top 40 per cent of earners pay more
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“For 17 years, I waited in vain for the democratic revolution to come to Soviet Russia to complete the socialist dream. But it did not come. Oh, there was a spring in Prague. But Soviet tanks again rolled across the
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This administration which demonizes the rich, bemoans growing inequality, and holds redistribution as a high value has in their stunning ignorance achieved the opposite results they claim to want.
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John Goodman from Townhall writes A Personal Note on Inequality: First, I made a rough calculation that between 5% and 10% of our class was earning about half the class income. Obviously, my calculation was far from precise, but I
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Inequality is the Result of Meritocracy
Jonah Goldberg writes Mr. Piketty’s Big Book of Marxiness in the July issue of Commentary. Excerpt: “The consequences for the long-term dynamics of the wealth distribution are potentially terrifying,” Piketty writes. For instance, Piketty fears that whenever the return on capital really