Last month, an article “Ending America’s Slow-Growth Tailspin” by economist John H. Cochrane was featured in the Wall Street Journal. The author is a senior research fellow at the Hoover Institute – a large research think-tank out of Stanford University. This article is incredibly important because it plainly states what I have been saying for [...]
Piketty’s Wealth Data are Worthless
August 13, 2014 By
More and more, Thomas Piketty’s name comes up in the debate on the so-called growing “wealth gap” between the 1% and everyone else. In his new best-selling book, “Capital in the Twenty-First Century,” Piketty argues that capitalism will eventually result in accumulating the wealth of the world into just a few hands to a “potentially [...]
