I gave a talk late yesterday afternoon at the branch of the Osher Lifelong Learning Institute operated by California State University, Monterey Bay. Thanks to Michele Crompton and her very competent aide, Leslie. The topic was Economic Inequality: Popular Misconceptions and Important Facts. It was an only slightly tweaked version of this talk I gave at Baylor University last year. Drawing on work by Brad DeLong and Donald Boudreaux, I addressed the issue of how much better off we are than people a century ago were. (Parenthetically, the piece by DeLong, titled "Cornucopia: The Pace of Economic Growth in the Twentieth Century," is my favorite piece of his work. I tried to get Brad to do a shorter
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