Is Income Inequality a Problem?

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Myth: Income Inequality Is the Great Economic and Moral Crisis of Our Time

Milton Friedman, arguably the greatest economist of the 20th century, stated, “A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” Yet, a common criticism heard on college and high school campuses today is that the free market system is inherently evil and that an economic system based on equality and redistribution is the path forward for America. 

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