February 1, 2011

The Poor Getting Poorer is a Myth?

Steven Horwitz

Senior Affiliated Scholar

“If we want to have more equality, at what price are we going to get that equality?" said Horwitz.  "If we’re aiming at more equality, and the lives of the poor get worse off, is it really worth it? And conversely, if we have a society in which income inequality grows, but the poor keep getting richer, even while we have more inequality, isn’t that a better world?  Don’t we ultimately care how well off the poor are?”