The Inequality That Matters – Tyler Cowen – The American Interest Magazine

The Inequality That Matters – Tyler Cowen – The American Interest Magazine.

An interesting (and long) article on “income inequality” that manages to be fairly objective.  Towards the end it gets a little much into the whole “those evil bankers ruined it all” line of reasoning while somehow completely dismissing without any real analysis the concept of “How about we just don’t bail them out then?”

But the best stuff is right there in the beginning.  It’s an undeniable fact that income inequality has grown.  It is also an undeniable fact that standard of living (for the rich and poor alike) has also grown.  If you have to choose between one or the other, which is preferable?

The article fails to really ask the question of “What exactly caused the standard of living to increase?” because the answer is obviously capitalism (which is made possible in large part by the evil greedy bankers).  Just something to consider…

About these ads

About Dude Where's My Freedom?

My name's Matt and I love Freedom.
This entry was posted in News Link and tagged , , , , . Bookmark the permalink.

One Response to The Inequality That Matters – Tyler Cowen – The American Interest Magazine

  1. I’m a engineer and I’ve just thought of a ground breaking social network web page.
    I will be looking out for beta testers to browse and try it out.
    Do you desire to sign up? Let us compensate you.

Constructive discussion is welcome.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s