My GMU colleagues Tyler Cowen and Veronique de Rugy, writing for the New York Times, reflect on the different reception that Thomas Piketty’s Capital in the Twenty-First Century received in France as compared to the (rapturous) reception that it is receiving in the U.S.
The latest version of my buddy Wayne Crews’s – of the Competitive Enterprise Institute – annual snapshot of the regulatory state is newly released. (Wayne earned his M.A. in economics many years ago from GMU.)
Even if the claim that the middle class is losing ground is correct, however, left-wing environmentalists would think this is a good thing. The calculator tweeted by the Puget Sound Clean Air Agency indicates that the average American household would require five planets worth of resources. They seem to think the middle class is five times too rich.