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My Hoover colleague Russ Roberts just finished a nice video on inequality. Among other takeaways, he stresses that the people who were rich in 1980 are not the same people or even families who are rich now. It is not true that "the rich got richer." He also tracks individuals through time, and poor individuals got richer to. There is a lot more economic mobility in the US than the standard talking points.
May 16, 2019 via The Grumpy Economist via Hoover Daily Report
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