Sunday, November 13, 2011


Tyler Cowen in this morning's NYT: The problem isn't that we have poor people, it's that people aren't poor enough. All we need to do is increase inequality to get people working a bit harder.

In the future, complaints about income inequality are likely to grow and conservatives and libertarians won’t have all the answers. Nonetheless, higher income inequality will increase the appeal of traditional mores — of discipline and hard work — because they bolster one’s chances of advancing economically. That means more people and especially more parents will yearn for a tough, pro-discipline and pro-wealth cultural revolution. And so they should.

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