In their book The Myth of American Inequality, former US senator Phil Gramm and his coauthors challenge conventional wisdom on the state of income inequality in the United States. They argue that the gap between the rich and the poor is not as wide as often claimed because it is measured incorrectly, thus biasing public policy debates. 

On this episode of the Capitalisn’t podcast, Gramm joins hosts Bethany McLean and Luigi Zingales to discuss the evidence behind these claims, as well as implications for the pursuit of equality of opportunity, the “war on poverty,” and the role of government in shaping economic outcomes.

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