The central thesis of the book - that the ratio of domestic growth relative to asset appreciation determines long term wealth inequality - is sound. And a government that treats G > R as an imperative akin to our Fed's dual mandate on inflation and unemployment would create the kind of prosperity liberals always say they want.
But this shit is always about personalities in the media. You'll never know what Pikety thinks about western economic policy. Just that he considers a 170 year old thesis crafted at the dawn of the industrial age a bit behind the times.
The central thesis of the book - that the ratio of domestic growth relative to asset appreciation determines long term wealth inequality - is sound. And a government that treats G > R as an imperative akin to our Fed's dual mandate on inflation and unemployment would create the kind of prosperity liberals always say they want.
But this shit is always about personalities in the media. You'll never know what Pikety thinks about western economic policy. Just that he considers a 170 year old thesis crafted at the dawn of the industrial age a bit behind the times.