The author argues that the way people are looking at inequality is wrong. He proposes a measure of inequality based on transition probabilite as completely different approach, andit will give you a much rosier image of america.
Nassim Nicholas Taleb, author of Skin in the Game, talks with EconTalk host Russ Roberts about the ideas in the book. This is the third episode of EconTalk with Taleb related to the general topic of skin in the game and how it affects decision-making and policy in an uncertain world. This episode focuses on rationality, religion, and the challenge of thinking about probability and risk correctly in a dynamic world.