Piketty on CNBC

And he's got the accent to boot!

Thomas Piketty was on CNBC to talk economics.  From the video, he doesn't seem to understand the duelling forces of liberty and equality. 

But when it comes to the Fed, we can all conclude that the Federal Reserve *does* promote inequality.  Credit expansion does not spread evenly to the economy.  It tends to concentrate among those who are already the most protected -- bankers and other establishment types.  The Fed's credit creation has been a bad deal for the rest of us.  I'm glad Piketty got something right!