Fed economists attempt to piketty their own U.S. inequality data

Earlier this month the St. Louis Federal Reserve published a new briefing paper by economists William R. Emmons and Lowell B. Ricketts, in which they claimed to find recent evidence of the growing inequality trends predicted in Thomas Piketty’s Capital in the 21st Century. As asserted in the Fed paper: “Data from the Federal Reserve’s Survey of Consumer Finances […]

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