At Mises CA. An excerpt:
OK that is pretty astounding. I encourage readers who haven’t done so, to click on our paper and just read the short sections on the Hoover/FDR tax rates and the minimum wage discussion. If those were “typos,” then when Bill Clinton said he didn’t have sexual relations with Monica Lewinski, it was a “slip of the tongue.”
But here’s the real kicker. To show that his conclusions are in line with the other literature–and hence that the concerns raised by Magness and me, as well as Auerbach and Hassett, must be petty whining over trivial details–Piketty went on to tell FoxNews:
But Piketty counters that a recent study found that wealth inequality actually rose even faster than he had reported in his book.
“Everybody recognizes that the Saez-Zucman series are indeed the best series on US wealth inequality we have so far, and that they show an even bigger increase than what I report in my book,” he told FoxNews.com.
No, this is simply not true, and is yet more evidence (as if it were needed) that Piketty is a slippery fellow who under no circumstances can be trusted to honestly report facts.