more on why inequality is the wrong metric

The poor growth rates of the last decade are not the unavoidable consequence of natural events or huge impersonal forces. Many of them stem from our boneheaded choices on regulation and taxation. Simplifying the tax code and easing back on regulations could easily bump that growth rate above Piketty’s dire predictions. But so long as policy makers take Piketty’s lead, preoccupying themselves with inequality, our prospects for growth are grim. We will continue to pay a high social price if we place our faith in Piketty’s rickety economic theories.

Richard Epstein

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One Response to more on why inequality is the wrong metric

  1. Pingback: Piketty and income inequality revisited | Thoughts of a citizen

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