Archive for the ‘Income’ Category

The Current Economy: Green Shoots or Brown Ones?

May 29th, 2014

I was listening to an interview with Tim Geithner this weekend, and after going through his (highly readable) new book, they asked him where he thought the economy was headed.  “I don’t believe forecasts,” he said, which sounded smart to me (he then proceeded to forecast). He was pretty bullish about growth, generally arguing what… Read more

Piketty’s Mistakes, What They Mean for the Message of Cap21, and Other Data Thoughts

May 24th, 2014

Industrious data probers at the Financial Times have raised good, tough questions about some of the wealth data in Thomas Piketty’s influential book (specifically, the material in his Chapter 10).  Though we’ll need to wait for a full response from the author to questions they raise, their careful forensics provide a must read by anyone… Read more