Tuesday, April 22, 2014

Dean Baker reviews Picketty

Dean Baker reviews Picketty and offers solutions based therefrom, including the following: reduce financial institution insurance subsidies and add a financial transaction tax; do not privatize Fanny and Freddie; eliminate pharmaceutical monopoly subsidies, as well as such subsidies to telecom, airlines and airports, broadcasters; add a carbon tax. Picketty did a good diagnosis but was short on treatment, so these progressive solutions pragmatically ameliorate the disease. We're going to need a different Congress though to enact this, so let's get busy on this year's critical election.

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