Me on WGN, Chicago
By David Henderson
Last week, I was interviewed for 16 minutes by Mike McConnell on WGN, Chicago. He was a cut above in his understanding of the various economic issues. My test for whether it’s working with the host is whether he invites me to stay past the break. He did. The interview is here.
Some highlights (approx. times):
2:00: Distinction between wealth and income. Me: “High incomes are the way you get wealthy, not the way you are wealthy.”
2:40: People adjust to higher marginal tax rates.
4:00: Effect of unemployment insurance on long-term unemployment.
6:30: Josh Barro vs. Bob Barro on UI.
14:40: My partial defense of Al Gore’s concept of the lock box. For more, see this article that Charley Hooper and I wrote in 2005.