Somebody found some errors (maybe) in Thomas Piketty's Capital in the 21st Century. The whole thing might be a little overblown though.
But remember the errors that were found in the Reinhart and Rogoff study that said that high debt levels cause radical slowdowns in economic growth?
Here's a video clip that sums it up most cogently.
Whatever the case is, I know that economists argue all the time. I know that statistics are increasingly dodgy. I choose to go with my gut instinct after decades of immersing myself in this crap. I know that inequality is increasing. I know that poverty and insecurity is increasing. The political movements in Latin America, the Middle East and Europe all attest to these facts.
I'm not capable of going toe-to-toe with the best liars and rationalizers in the world. But I've never thought that. I keep plugging away at stuff because I know I've got the big picture right.
But remember the errors that were found in the Reinhart and Rogoff study that said that high debt levels cause radical slowdowns in economic growth?
Here's a video clip that sums it up most cogently.
Whatever the case is, I know that economists argue all the time. I know that statistics are increasingly dodgy. I choose to go with my gut instinct after decades of immersing myself in this crap. I know that inequality is increasing. I know that poverty and insecurity is increasing. The political movements in Latin America, the Middle East and Europe all attest to these facts.
I'm not capable of going toe-to-toe with the best liars and rationalizers in the world. But I've never thought that. I keep plugging away at stuff because I know I've got the big picture right.
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