Democrats often seem obsessed with income and wealth inequality. They blame it for weak economic growth and stagnant middle-class incomes. Plus, many simply don’t like the idea of it.

But are there some big positives to inequality? That’s the argument made in The Upside of Inequality: How Good Intentions Undermine the Middle Class, a new book by Ed Conard, a visiting scholar at the American Enterprise Institute and a founding partner at Bain Capital.

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