A big-shot venture capitalist says we need inequality. What do economists say?
New research suggests it's bad for the economy -- and reveals bad trends already at work.
Hasnain says:
"If there is middle ground between Graham and this body of research, it's the idea that policymakers shouldn't go after inequality with blunt instruments, like big tax hikes just for the sake of soaking the rich. Perhaps, instead, they should target rent-seeking, which economists agree is bad for everyone who isn't a rent seeker."
Posted on 2016-01-16T07:14:02+0000