I have bought Thomas Piketty’s book Capital in the Twenty-First Century, and while I have posted many an item that takes issue with the books claims and conclusions concerning wealth inequality, I do plan on reading Piketty; his book has made quite the intellectual and cultural impact, and although I know what his basic arguments are, I want to be sure that I read the whole of the book to be fully aware of his claims.
But even before reading the book, one can conclude certain things about Piketty, as my previous blog posts indicate. And today, we learn that we may well be able to conclude one more thing still about Piketty, his research, and his arguments: They may be completely wrong. And yes, those words were worth emphasizing.
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In their much-praised new book, 
(Just kidding — the results aren’t surprising at all.)
A few weeks back, the press heralded improvements in the unemployment rate and the whopping 0.1 percent growth rate for 2014’s first quarter. A barely perceptible growth of one-tenth of one percent is bad enough, but it might be getting worse.
