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.