Why Economic Inequality Is a Good Thing

Tags: Austrian Economics Overview, Value and Exchange

07/20/2024 Mark Thornton

Is equality good and inequality bad?

Over the known history of man, increasing economic inequality is associated with rising standards of living for all. Using common analogies, increased economic inequality lifts all boats, and not only increases the size of the economic pie, but also cuts everyone larger pieces of pie.

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Music: “My Universe” ℗ 2006 Kate Higgins (katehiggins.com). Used with permission.

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