Thomas Piketty on Inequality and CapitalThomas Piketty's Sensational New Book
By Hunter Lewis
Thomas Piketty, a 42-year-old economist from French academe has written a hot new book: Capital in the Twenty-First Century. The U.S. edition has been published by Harvard University Press and, remarkably, is leading the best seller list; the first time that a Harvard book has done so. A recent review describes Piketty as the man "who exposed capitalism's fatal flaw."
So what is this flaw? Supposed... (more)
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Obama's Push to Recruit Young Adults into Obamacare Falls ShortThe White House and its media allies have been cheerleading Obamacare's apparent success at exceeding the president’s stated target for enrollments in the Obamacare health-insurance exchanges. Even more importantly, they have asserted that a significant proportion enrolled in the exchanges are young people. President Obama declared that 35 percent of enrollees are under the age of 35.
Enrolling enough young people into Obamacare was important because insurers are forbidden t... (more)
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The Food Police Turn to the BottleContinuing my "meddling bureaucrats trying to tell us what to eat" series, I recently discovered that the FDA is planning to start requiring nutrition labels on alcoholic beverages. Apparently they are worried that sorority girls pounding cosmos might be getting a little more sugar than they ought to, and that the presence of a small label on the side of a bottle of Cointreau is go... (more)
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Meet "Lowflation": Deflation's Scary PalIn recent years a good part of the monetary debate has become a simple war of words, with much of the conflict focused on the definition for the word "inflation." Whereas economists up until the 1960's or 1970's mostly defined inflation as an expansion of the money supply, the vast majority now see it as simply rising prices. Since then the "experts" have gone further and devised variations on the word "inflation" (such as "deflation," "disinflation," and "stagflation"). And while past central b... (more)
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GM, Product Safety, and DeathThe reports that GM deliberately avoided a recall for a defective ignition switch–which led to at least 13 fatalities–because of cost considerations has led to predictable denunciations of capitalist greed. Michael Moore epitomizes this reaction:
I am opposed to the death penalty, but to every rule there is usually an exception, and in t ... (more)
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Is College A Waste Of Time And Money?Are you thinking of going to college? If so, please consider that decision very carefully. You probably have lots of people telling you that an "education" is the key to your future and that you will never be able to get a "good job" unless you go to college. And it is true that those that go to college do earn more on average than those that do not. However, there is also a downside. At most U.S. colleges, the quality of the education that you will receive is a jok... (more)
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Austrians and the Private-Property Society: An Interview with Hans-Hermann HoppeHans-Hermann Hoppe, a senior fellow of the Ludwig von Mises Institute, is professor of economics at the University of Nevada, Las Vegas, where he taught with Murray N. Rothbard from 1985 to 1995. He is the author of Handln und Erkennen (1976), Kritik deer Kausalwissenschaftlichen Sozialforschung(1983), Eigentum, Anarchie, und Staat (1987), A Theory of Socialism and Capitalism (1989), and The Economics and Ethics of Private Property (1993), as well as many articles in the former Revie... (more)
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