And a 10% inflation rate would be great. Piketty was wrong you know, in his book, he argues that the capital income increase (compared to labor income) mean th

And a 10% inflation rate would be great. Piketty was wrong you know, in his book, he argues that the capital income increase (compared to labor income) mean that all productivity gains since the 70s were captured by the capital. But he argue that taking the GDP numbers (inflation-adjusted). Because production is hard to mesure with other tools than GDP/GNI. But other economists argues that GDP - especially since QE, but truthfully since the 90s - do not mesure productivity increase, but a mix of productivity and asset inflation (and GDP is only corrected with "regular" inflation). So Piketty was wrong. Capital income not only captured all productivity increases since the 70s, it even ate through labor income in proportion. The only marker that can equalize thing in our capitalist, market-oriented economies is a higher rate of inflation. We should aim for that. We need regular inflation superior than asset inflation.