My Policy Ed video for the Hoover Institution’s PolicyEd video series is out. Here it is on YouTube.
A summary of the 4-minute video:
Both good and bad income inequality exist. Good inequality comes from entrepreneurial innovation that improves the lives of consumers, even if the inventor gets wealthy. On the other hand, using political muscle to get rich leads to bad inequality, as it comes at the expense of consumers. It is vital to have government policies that can distinguish between good and bad inequality to increase innovation, strengthen the economy, and ultimately give people more incentive to innovate.
And notice the 2 people I use to illustrate each. One of them is in the picture above. Can you guess who it is?
READER COMMENTS
john hare
Apr 8 2021 at 5:05am
Would it be cheating if I mentioned the two you used in your talk at Webber College? The one not pictured being Lyndon Johnson.
David Henderson
Apr 8 2021 at 10:57am
Not cheating at all, John. Just evidence of a great memory. I enjoyed meeting you there.
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