Why does the son rise?

John Cochrane recently gave a speech where one of the main threads involved talking down the importance of income and wealth inequality. Poverty, and generally not having as much as we would like are bad, he says, but is there anything bad about inequality per se? That is: is there at least one respect in which things would be […]

Five intriguing papers I discovered this week

In what might become a recurring feature, I am going to summarise the findings of a few research papers, potentially of interest to ASI blog readers, that were either first released this week, first published this week, or first come upon by me this week. 1. Fernandes, D., Lynch, J. G., and Netemeyer, R. G., […]

Equality: as cheap as 50p?

Peter Oborne argues that Ed Balls’ pledge to raise the 45p top tax rate back up to 50p is a good idea. While the extremely high marginal rates (top main rate 83%, plus a 15% surcharge for “unearned income”) of the 1960s and ’70s might have been driven by “socialist envy”, George Osborne’s dropping the […]

This is not an IQ test

Boris Johnson’s recent CPS speech, which among other things discussed intelligence and inequality, has caused such a storm that David Cameron and George Osborne were forced to distance themselves from his comments. There is an interesting point to be made about how distressingly and obnoxiously ugly this “everything is offensive” aspect of modernity is, where […]