Archive for Capital & Interest
We Are the 99.9999%!
My latest at Mises Canada has some Krugman funnies and I also showcase this chart, followed by my commentary from the post: This chart shows the percentage of wealth in the United States held by the 0.01%. That’s not a typo. I’m not talking about “the 1%,” and I’m not even talking about “the 0.1%.” […]
Read moreMore on Piketty
==> Here’s Piketty responding to the initial FT critique. (HT2 Daniel Kuehn) ==> Here’s Giles (the author of the FT critique) elaborating. ==> Here’s Magness with some more oddities, but I think Piketty might have explained what was going on here, in the first piece linked above. (Note, to say he “explained what was going […]
Read moreBook Review of Piketty
So you can mentally prepare yourself, here is a short (about 1,000 words) review of Piketty. Next week I’ll publish a much longer review with quotations from the book. The good thing about this “Rare” review is that if you get bored, you can click on a slideshow of Victoria’s Secret models. The best part: […]
Read morePiketty Hits Back
I want to move on with my life, but I’m apparently one of the few people who actually read Chris Giles’ FT critique of Piketty, and so I can explain just how ludicrous his counterattack in Bloomberg is. My conclusion: There are many oddities in Piketty’s work. We know for a fact that he has […]
Read morePiketty vs. Giles
Here is my initial reaction to the affair. Let me emphasize my main position: I am not an expert on the various estimates of wealth concentration. So I don’t know how to referee on the specific allegations. However, let us not forget that Piketty clearly put in bogus information on both the minimum wage and […]
Read moreYikes! Piketty Accused of Literally Making Up Wealth Inequality Data
OK, so I personally busted Piketty just making stuff up about tax rates, and in a way that served his narrative. Economist Diana Furchtgott-Roth at the Manhattan Institute caught him just making stuff up about the minimum wage, and in a way that served his narrative. Now Chris Giles of FT comes out with an […]
Read moreMore Links on Capital Debates, Piketty, etc.
==> Nick Rowe back in 2012 had a funny (for an economist) post on the Cambridge Capital Controversy. ==> A guy running the blog “Naked Keynesianism” (and whose avator is a picture of Keynes) teams up with another blogger calling himself “Lord Keynes” to explain why the Austrians are clueless about capital. *shudders* (Remember, the […]
Read moreShocking Quotes from Piketty
You know how some of you have been saying, “What the heck Murphy, why do you keep talking about this Piketty book? So what if it was #1 on Amazon, and all the progressives are giddy about it? He just wants to raise tax rates right?” Uh, no. Check out my latest Mises Canada post. […]
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