Form: Short Note

The other thing I want to address in the stickiness of prices, is that all that happens when prices increase is that it attracts lots of additional rent seekers within the organization and without. Most people wait for opportunity to demand more and wait for a moment of good fortune to demand it, lest their refusal be considered immoral. Yet when prices reverse they display moral indignation that the previous increase in a time of exception has now become the new minimum that they tolerate.

WHAT WOULD YOU TRADE FOR MORE INCOME EQUALITY?

Income inequality is the result of objective inequality of value to others – in other words, income inequality is evidence that you are not valuable to others. So, to make yourself valuable to others, what voluntary exchanges could you enter into that would equalize income without impeding the voluntary organization of invention, risk-taking, capitalization, production, distribution and trade?

(Personally I would love it if the lower classes would do my cooking, housework, laundry, yard, home maintenance, and shopping while I am risking everything I own to create a new business, and paying people well by doing it, and am entirely responsible for the outcome. Moreover, if income were equal I would not be able to risk everything I own – nor would most entrepreneurs like me. America invents the future for the world for this reason and americans live better than the rest of the world – albeit more unequally with each other as a consequence. )