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Capital: Piketty and Such

I will not pile on any more: the Piketty book is required reading. Enough said. What strikes me is that his data set is so comprehensive that it ought to end many of those lingering debates within economics. I doubt it will, but it ought to. I have a few comments I want to make […]

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Class Based Economics

Buried somewhere in the pile of stuff I have accumulated as I think about inequality are these statistics: Of all the income generated between 2009 and 2011 in the US 121% went to the top 1% of income earners The top 1% owns just over half of all investment assets including 64.4% of all bonds […]

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Score Two For The Plutocrats

Wow. What a week for the plutocrats. First we were given the latest Paul Ryan budget which, predictably, reached its targeted balance by crushing social spending programs like food stamps and Medicaid. Then, today, we we told of the Supreme Couret’s decision to strike down all limits on personal political campaign donations, thus opening the […]

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