Friday, January 16, 2009

The best way to increase equality

is to let the rich get things first. As free markets respond to free people expressing their preferences, more and more people gain access to the same goods and services. This has held true not just for computing, infotainment and household appliances, but for food, clothing, housing and medicine.

The only exceptions are where government subsidies distort things, like in education and healthcare services, which are currently hyperinflationary.

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