Were Never Going to Get Perfect Equality: Meltzer

The transcript discusses the evolution of equality since the 1960s, highlighting legislative changes and the roles of women and African Americans. It debates economic policies, particularly tax rates, and their impact on inequality. The discussion extends to education and racial progress, noting both advancements and ongoing challenges. Wage growth and economic recovery are analyzed, with a focus on income inequality and the effects of 0% interest rates. The conversation concludes with a comparison of capitalist and socialist economies, emphasizing China's unique position.

What significant social changes have occurred since the 1960s?

• Increased roles for women and African Americans

• Complete eradication of inequality

• No changes in social rights

• Decreased roles for minorities

What would Martin Luther King likely be surprised about if he were alive today?

• The ongoing race riots in the Midwest

• The lack of educational opportunities for African Americans

• The complete end of racial issues

• The existence of a black president

What is a core problem related to income inequality despite GDP growth?

• Rising median income

• Weak wage growth

• High interest rates

• Strong economic recovery

What economic policy is criticized for distorting growth in the US?

• 0% interest rates

• High tax rates

• Increased government spending

• Strict trade regulations

What is the critique of the Pickity book regarding economic inequality?

• It suggests raising tax rates

• It focuses solely on capitalist countries

• It supports reducing tax rates

• It ignores the role of education

Which country is noted as an exception in terms of growth without freedom?

• Russia

• India

• Brazil

• China

What is a key factor in China's economic growth according to the discussion?

• Dependence on foreign aid

• Adoption of market techniques

• Complete freedom and democracy

• Isolation from global markets