Wednesday, July 22, 2015
Thomas Piketty and the New Celebrity Economics
You know that things are going to hell in a handbasket when Economists become cultural heroes. When America, the ultimate anti-intellectual state, starts reading and discussing economics, then that is all the evidence you need that things must be bad, really bad.
For decades even centuries, the only economist that Americans needed was Adam Smith and a Cliff Notes for The Wealth of Nations. But now not even Adam Smith is proof against revisionist Economics.
And Piketty has been particularly vicious and non traditional. Looking for any evidence that the free market results in increased wealth for everyone, he discovered that, whoopsie, there was no evidence. You mean that all that crap about capitalism and the free market has no evidence to support it? Thats a bummer, dont you think?