Bad Government and Central Bank Policy Are the MAIN CAUSE of Runaway Inequality

French economist Thomas Piketty’s book on inequality – Capital in the Twenty-First Century – has gone completely viral.

Mainstream economists like Paul Krugman and Joseph Stiglitz endorse it.   So does Economist magazine.  The Financial Times and New York magazine both call him a ”rock star economist”.

Slate notes:

While recently passing through D.C., he took a little time to meet with Treasury Secretary Jack Lew, the Council of Economic Advisers, and the IMF. Even Morning Joe, never exactly on the leading edge of ideas journalism, ran a segment about Capital Tuesday morning.

Click to read more...