Thomas Piketty predicts that interest rates will rise substantially above the growth rate, capital will accumulate, and the rich will get richer through inheritance and capital income, rather than through outlandish salaries and stock options. But unearned income is not what is driving the current rise in inequality.Project Syndicate
Piketty’s Missing Rentiers
Jeffrey Frankel | James W. Harpel Professor of Capital Formation and Growth at Harvard University's Kennedy School of Government
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