John O’Donnell interviews Dr. Peter Klein of Mises.org on the critique of the popular new book "Capital in the 21stCentury" by Thomas Piketty. The topics include income inequality cause and effect, role of Fed intervention in capital markets, malinvestment in boom/bust cycles with anemic price discovery and the 99% vs the 1% myth. They also discuss why boomers are working longer and the impact of youth joining the workplace.
Over 100,000 Lessons from the Pros readers. Check out last week's issue.