Wednesday, October 26, 2011

Richard Epstein Explains Why Income Inequality is Good

PBS NewsHour: Does U.S. Economic Inequality Have a Good Side?
A new Congressional Budget Office analysis supports the idea that income inequality has grown considerably over the past few decades. As part of his Making Sen$e series on economic inequality, Paul Solman talks to libertarian law professor Richard Epstein, who argues that wealth inequality acts as a driving force for innovation.
If you like this brief interview, I recommend Russ Roberts interviews with Richard Epstein on EconTalk. They're all very good.

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