Another reason why focusing on inequality is flawed

I want to tie together two recent posts on the history of prosperity and economic inequality. The history of prosperity illustrates another reason why a focus on inequality is misguided. Historical norm was poverty For most of human history, almost everyone was poor by today’s standards. The graph below shows the percentage of world population living … Continue reading Another reason why focusing on inequality is flawed

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Why inequality is less of a problem than you think

Some people believe that economic inequality is literally the biggest problem we face. I will try to explain why such concerns are overblown. If you missed it, last week’s post discussed how much inequality we have in the US. Warped thinking Fixating on income inequality can warp one’s thinking. Strong words, but true. Income inequality is … Continue reading Why inequality is less of a problem than you think