Thursday, May 29, 2014

The Thomas Piketty affair

If you haven't been following the action -- Thomas Piketty's book Capital in the Twenty-First Century has roiled the country and even the world with its conclusions about wealth and inequality as well as its suggested remedies, the Financial Times has responded calling bullshit, their claims of manipulated economic data have been mostly dismissed -- then Matt Bai's five-minute primer is a great place to catch up.

The Economist also has a decent four-paragraph summary of the book and the responses to it.

Krugman if you want to go longer and deeper.

If I wanted to hold Hillary Clinton to account in 2016 for anything at all, it would be "raise taxes in the first two years of your first term, when you have a Democratic majority".  That assumes we all survive the revolution that breaks out when the Republicans begin impeaching Obama in 2015 after they retake the Senate.

No comments: