Growing inequality or sluggish growth: Which is the bigger problem?

Pundits and politicians have been talking a great deal about growing income inequality in the United States. James Piereson, president of the William E. Simon Foundation and senior fellow at the Manhattan Institute, thinks a recent decline in American economic growth represents a much larger problem than inequality.

Piereson shared his concerns during the latest Hayek Lecture at Duke University. Click play below to watch the 1:18:29 event.