Vincent Geloso - What Effects Income Mobility?
The Curious Task
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Economic Freedom Outperforms Income Inequalities
On average income economic freedom outperforms by sizable margins. The effect is stronger for secure property rights, low regulation, free trade and sound monetary policy. And the reason here being that because there's higher income mobility because of economic freedom, we're willing to tolerate what seem like unequal distributions. We perceive them as based on actually the value provided to others true train.
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