Richard Epstein At The Hoover Institution Journal: ‘Three Cheers for Income Inequality’

Full piece here.

Epstein follows up on his 60 minutes interview:

“The clarion call for more income equality puts short-term transfers ahead of long-term growth. Notwithstanding the temper of the times, that siren call should be stoutly resisted. Enterprise and growth, not envy and stagnation, are the keys to economic revival”

As posted previously, a reader sent in two quotes from Henry Hazlitt, libertarian economist:

“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

and

“The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.”

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