Kevin A. Hassett



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Capitalism is not what brought about our economic disaster actually the poor need capitalism. Poverty has dropped 64% from 1970 to 2006 despite increase of population.

... incontrovertible. It is not clear, however, that increased inequality has been bad, says economist Kevin A. Hassett. Inequality is, after all, the foundation of a capitalist society. When individuals work hard, or innovate, they receive outsized rewards. When others see those rewards, they are motivated to work hard and innovate. As the lottery-ticket market has demonstrated, the...