Allan Meltzer argues for opportunity rather than envy

The great monetary economist Allan Meltzer writes here about the recent brouhaha over the redistributionist tome by Thomas Piketty and argues that the world would be far better off by ignoring its seductive call for government redistribution and instead had government get out of the way — that is, stop interfering with efforts to help the poor through voluntary action and to stop interfering with their own efforts by government policies.

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