William Bernstein, author of
A Splendid Exchange,
talks about inequality with
EconTalk host Russ Roberts. Bernstein is worried about it; Roberts is not. Bernstein argues that inequality is damaging to the health of low-status people and hurts the health of the economy. Roberts challenges Bernstein's empirical evidence. It's a lively conversation on the economics of status, productivity and the progressivity of taxes.
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