Inequality and the Flying Piketty Monster

At some point in their journeys, religious adherents generally fall victim to "confirmation bias." Twenty-five years after the collapse of communism, big government "true believers" have latched onto their own version of Richard Dawkins' "Flying Spaghetti Monster," in the form of "the inequality crisis." These Economic Pastafarians even have their own prophet and holy scripture: the French economist Thomas Piketty and his book, Capital in the Twenty-First Century. What are Piketty's main conclusions? What are they based on? Do they stand up to rigorous examina.....

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