Richard Epstein vs. PBS reporter Paul Solman on income inequality. It's no contest. They shoulda stopped it in the first round before Solman got hurt.
Here Epstein smacks the Administration's American Jobs Act. He ends this way:
The AJA misfires because it starts from unsound economic premises. What a worker needs is a job. Accordingly that worker should worry about the number of opportunities available to him, not the number of closed doors. It is far better therefore to seek a job in a growing economy, in which a small fraction of employers wish to hire you, than in a stagnant economy, in which no one gets hired at all. Judged by these standards, the AJA is an economic nightmare waiting to happen.