• “When Piketty said returns on capital are high and only go higher, I thought he was wrong”
    Denise Hearn and Jonathan Tepper / mythofcapitalism.com
    “When Piketty said returns on capital are high and only go higher, I thought he was wrong”

    Income inequality within nations has increased steeply since 1980. This fact has become widely accepted as an elemental “flaw” of capitalism. Economists Denise Hearn and Jonathan Tepper disagree and give a different explanation: where there…