Piketty

Darn those class commitments, aligning us to our political choices in a democracy, made worse by all those folks who knew they were in that Gilded Age. “If the future of the Democratic Party is in the rich suburbs, the future of American politics is another long Gilded Age.” Matt...

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  • February 28, 2021
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Modern Monetary Theory (MMT) can (but not will) save the US economy. What with the White House Council of Economic Advisors now reduced to one economist, it’s worth noting that one of their econometric models (Hassett) influenced the prediction that COVID-19 infections in the US would go to zero by...

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  • June 28, 2020

FiveThirtyEight went there and attacked “party elites” today as the reason for the “inevitable” loss of Warren. It doesn’t make anyone feel better, except that whoever those “party elites” are, they have made the Democratic party do some very stupid things in its history. As we’ve seen, becoming the party elite...

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  • March 6, 2020

Thomas Piketty’s new book, emphasizes the role of ideology in preserving and challenging capitalism even as “multigenerational wealth transfers, combined with high rates of return on capital, will inexorably create an uberrich capital class.” George Eaton’s article in New Statesman has some useful and current observations. “The key point is that...

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  • February 13, 2020