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Inequality in the U.S. is now larger than ever before in American history. With 50% of national income going to top 10% income earners and 75% of national wealth going to top 10% wealth holders, inequality is approaching the record levels observed in Europe from 1900-1910. Does inequality in America have a distinctive meritocratic character (American exceptionalism), or is the New World simply becoming like Old Europe?
This talk is moderated by Bernard Salanié, Professor of Economics, Columbia University.