In a recent NYT Op-Ed, economists Aaron Edlin of UC Berkeley and Yale's Ian Ayres propose to combat inequality with a tax that would automatically kick in when gap between the median income and the top 1% widens.  Aaron Edlin is a co-editor of the new book, Economists' Voice: Top Economists Take On Today's Problems (Columbia University Press, 2011) and Ian Ayres blogs for Freakonomics.

Ian Ayres is considered a law-and-economics guru. In Super Crunchers, he argues that the recent creation of huge data sets allows knowledgeable individuals to make previously impossible predictions. He even concludes that statistical methods are more accurate than the more intuitive conclusions drawn by experts. He joins Leonard to explain ...