Wednesday, October 15, 2014

Et je suis meilleur que DeLong à l'économie

Berkeley economist and former Clinton Administration Treasury Dept official, Brad DeLong professes to be, again, confused;

Department of “Huh?!”: Yet Another Thomas Piketty Edition

....But what was the point of this? We saw from the Piketty quote up at the top that Piketty does not think that “r>g” has been driving the rise in American inequality. Why is it an interesting question to ask?
From the Dept of Duh!, Thomas Piketty himself thought it was a legitimate question when he was asked by Stephen Colbert. And Colbert had a better comeback for Piketty's argument; They should get their own TV show.

Don't quit your day job to become a comedian, Professor DeLong.

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