Friday, April 25, 2014
Let The Right Wing Panic Begin
The popularity of Piketty's book has created a panic among the usual subjects. Paul Krugman describes the panic in conservative think tanks, and in the expected places like the Wall Street Journal which compares Piketty to Stalin. Others have accused him of Marxism, even though his work has been criticized by Marxists. In the post that follows, David Brooks, writing in the NYT, calls him a Quasi-Marxist. Apparently, a Quasi-Marxist is anyone who is critical of rising income inequality. I am waiting for Piketty to be compared to Hitler. That would complete the unholy triumvirate. There are not many economists who have made it into the unholy triumvirate.