What’s wrong with laissez-faire anyway?
If I believe the blogs and opinions of pundits from the left and the right, the fate of humanity hinges on the accuracy of Piketty’s data and conclusions. For the record, I believe Piketty’s historical data; I believe his statistics, and I can even go along with his calculations and factors.
Also for the record: so what?
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Thomas Piketty’s book is declared Fake But Accurate
Last month the left was all abuzz about a new book written by a French (I am not making this up) economics professor who attacked wealth “inequality” as the root of all evil and prescribed confiscatory taxes on individual wealth to ensure everyone gets poorer except, presumably French economics professors and other plutocrats. Paul Krugman, the left’s attack Schnauzer on economic issues, was nearly pornographic | Read More »
Picking Apart Thomas Piketty
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Thomas Piketty’s popular new book on income inequality, his Marxist view of the world and what the rich in America fear may be coming.
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Thomas Piketty, Wealth Inequality and Cargo Cult Economics
Economics is much more akin climatology than to real science. It is larded with theories that are simply not falsifiable, it relies on complex models that can work backwards from a known point but are unable to predict an outcome, and adherence to fads and a good publicist are more important to success than actually being accurate. None of this is to say economics is | Read More »
Thomas Piketty, Jedediah Purdy And The Leftist Ethic of Resentfulness
We need a foundation of political equality and social guarantees: education, personal security, health care for those who need it, and the expectation of a fair retirement. Jedediah Purdy, The Daily Beast The quote above gives you the typical entitled attitude of the Modern Leftist. They need everything. Human life didn’t really exist on Earth before these things were all available. The world is really | Read More »