Why the American Dream Is Still Alive and Well

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Last week I spoke five times at FreedomFest in Las Vegas, before a crowd of 2,500, alongside U.S. Sens. Marco Rubio and Mike Lee, Nobel Laureate Paul Krugman, businessman Donald Trump, TV personality John Stossel, publisher Steve Forbes, political commentator Glenn Beck, and several other luminaries.

On Friday, I debated Dr. Gregory Clark, an economic historian at the University of California, Davis. The resolution: “The American Dream is over for most Americans.”

Dr. Clark argued in favor. I argued against.Before we began, the moderator polled the audience. Roughly a quarter of the attendees raised their hands in agreement with the resolution. […]