Ep8 "Why Capitalism Works" with John Cochrane
All Else Equal: Making Better Decisions
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Is There a Budget of Constraint in Inequality?
I think a lot of people who bemoan inequality in the united states are really using the wrong word. Why i would ask you, why do you care about inequality, about prosperity? I care about opportunity. The internet a found new companies gave us wonderful products and pocketed for themselves billions which are tiny percentages of the welfare they gave the rest of us. We all got better off. They got a little better off than we do. There's bad inequality, thethe oligarch inequality, people who can use th power of government to enrich themselves at our expense. But those are symptoms of underlying problems. Those are not problems selves. And if everybody, if it's from each according
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