Growth and Equality

Amity Shlaes joins Seth Barron to discuss the competing goals of economic growth and income equality, and to take a look at how American presidents in the twentieth century have approached these issues. Polls show that support for income redistribution is growing among younger generations of Americans, but such policies have a poor track record of achieving their goals. As Shlaes writes in her feature story in the Winter 2018 Issue of City Journal: "Prioritizing equality over markets and growth hurts markets and growth and, most important, the low earners for whom social-justice advocates claim to fight." Amity Shlaes chairs the board of the Calvin Coolidge Presidential Foundation and serves as presidential scholar at The King's College. She is the author of Coolidge and The Forgotten Man: A New History of the Great Depression.