Sluggish economic growth poses a greater problem for the United States than income inequality. The featured speaker for Duke University’s latest Hayek Lecture delivered that message Tuesday on campus.
James Piereson is president of the William E. Simon Foundation and senior fellow at the Manhattan Institute. His lecture on “Inequality” focused on arguments advanced recently about income inequality, especially French economist Thomas Piketty’s plea for higher taxes on the wealthy to reduce inequality.
Piereson acknowledges much of Piketty’s income data, but he explains in the video clip below why economic growth is a much more important issue for the United States today.
Click here to watch the full 1:18:29 lecture.