Ocupation: Economist
Life: July 31, 1912 - November 16, 2006
Birthday: July 31
Death: November 16
The important issue is not how much inequality there is but how much opportunity there is for individuals to get out of the bottom classes and into the top. If there is enough movement upward, people will accept the efficiency of the markets. If you have opportunity, there is a great tolerance for inequality. That has been the saving grace of the American system.
source: Source: www.huffingtonpost.com
topic: Opportunity, Class, Issues, Saving Grace