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Krugman wonders how rich “we need” the rich to be. A strange question, but you know the answer: less rich than they are now. We’re then treated to a lecture on income inequality. We don’t like lectures.

Is this the best episode yet of Contra Krugman? Tom thinks so….

Krugman Column

“Is Vast Inequality Necessary?” (January 15, 2016)

Contra Columns

“Says the Left: We Were Rich and Awesome When Taxes Were Higher,” by Tom Woods

“Pope Francis, Income Inequality, Poverty, and Capitalism,” by Nicolas Cachanosky

“Shocking Quotes from Thomas Piketty,” Bob Murphy

Article Mentioned

“Inequality and Recovery,” by Paul Krugman

Tax Data

PDF

Book Mentioned

Wealth, Poverty, and Politics: An International Perspective, by Thomas Sowell

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Event Mentioned

Mises Circle in Houston

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