Richard Epstein ponders the continuing calamity that is Obamacare.
George Selgin tells the tale of William Jennings Bryan and the founding of the Fed.
Greg Mankiw is reading Thomas Piketty’s Capital in the Twenty-First Century.
James Pethokoukis offers his reflections on Piketty’s book here – and here. A slice:
Thanks to Piketty, the left is now having a Galaxy Quest moment. All that stuff their Marxist economics professors taught them about the “inherent contradictions” of capitalism and about history’s being on the side of the planners — all the theories that the apparent victory of market capitalism in the last decades of the 20th century seemed to invalidate — well, it’s all true after all. In their progressive hearts, they always knew it, knew it, knew it! The era of big government is back! Let the redistribution commence!
