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.
In this episode of the Political Economy podcast, I chat with Ed about the book and his novel way of looking at the world.