By Matt Kelly Thomas Piketty’s Capital in the Twenty-First Century raised quite a stir last year among economists. Piketty identifies rising wealth inequality as inherent in capitalism, and recommends a worldwide wealth tax to temper its effects. Many have taken issue with Piketty’s data and analysis, and the idea that inequality is rising at all … Continue reading The Foundations of Political Capitalism
Normalizing Relations with Cuba: A Step Forward
Original post date: December 23, 2014 Article by: Matt Kelly In a recent statement, President Obama suggested Congress lift the 54 year long trade embargo on Cuba and announced concrete steps he and the communist nation’s president Raul Castro would take to normalize relations. The controversial statement elicited mixed responses from legislators, news media, and … Continue reading Normalizing Relations with Cuba: A Step Forward