How Not to Fight Income Inequality

November 14, 2018

Ricardo Hausmann - Project Syndicate

Trying to combat income inequality through mandated wage compression is not just an odd preference. It is a mistake, as Mexico's president-elect, Andrés Manuel López Obrador, will find out in a few years, after much damage has been done.

Suppose two people hold different opinions about a policy issue. Is it possible to say that one is right and the other wrong, or do they just...

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