Megan McArdle on Capital, Poverty and social capital
American Enterprise Institute · Talk · YouTube title: What prevents the poor from reaching the middle class? | VISION TALKS
Why it's here
Cited to explain why poor people's seemingly irrational financial decisions can rationally protect their social safety net.
What it covers
Megan McArdle's AEI Vision Talk 'Capital and Poverty' argues that social and financial capital work differently in low-income communities, and that this explains barriers to reaching the middle class.