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Should-Read: Angus Deaton: Rent Seeking

Should-Read: Angus Deaton: Rent Seeking: “What is not OK is for rent-seekers to get rich…

…All that talent is devoted to stealing things, instead of making things….I, who do not believe in socialized health-care, would advocate a single-payment system… because it will get this monster that we’ve created out of the economy and allow the rest of capitalism to flourish without the awful things that healthcare is doing to us…. The key is to somehow find a way of tackling rent-seeking, crony capitalism, and corruption legal and illegal and build fairer, more equal society without compromising innovation or entrepreneurship,

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Should-Read: Angus Deaton: Rent Seeking

March 7, 2017

AUTHORS:

March 7, 2017

AUTHORS:

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon