Friday, May 30, 2014

Forget About Discrediting Piketty

Thomas Piketty's critique of inequality in "Capital in the 21st Century" has recently run into criticism in the Financial Times for alleged issues with its math.  I'll leave it up to Paul Krugman to dispose of that criticism.  But, even if the criticism was fair, the world we live in is raising the same issues Piketty is raising.  Here's proof.

Sorry, guys and gals on the right.  Piketty isn't the problem.  Your bad ideas are.

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