The latest issue of Cato Unbound takes on income inequality, with Alan Reynolds arguing that inequality has not risen since the 1980s, and Gary Burtless, Mark Thoma, Richard Burkhauser and Dirk Krueger & Fabrizio Perri responding to Reynolds.
I’m not familiar enough with metrics like the Gini Coefficient to wade into the debate, but even if inequality has increased, no one has yet adequately explained to me why it matters. America has never promised equality of result, only equality of opportunity. What problem are those concerned about inequality truly trying to solve?
[via Marginal Revolution]
