Tuesday, January 10, 2012

Rich are getting Richer, but the Poor are getting..err Richer?

This video explores the concept of the following commonly used phrase, "The Rich are getting richer, and the poor are getting poorer". The question is this: Who comprises the poor? The next question is: Does the poor always stay poor, or does the poor become richer? Economics Professor Steven Horwitz explores this concept. Interesting video!

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