Alasdair Macleod: Inequality and Piketty


11:13a ET Friday, May 9, 2014

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod today disputes the analysis of the French economist Thomas Piketty, whose new book, "Capital in the 21st Century," criticizing the plutocracy that has taken over the West, has become popular with the political left.

Macleod writes: "In his haste to give government his approval to tax the rich in the pursuit of equality, Piketty seems completely unaware that it is government itself that is the problem. By embracing crony capitalism and inflationary monetary policies, the state enriches the rich and impoverishes the poor. This is the exact opposite of the effect intended."

Macleod's commentary is headlined "Inequality and Piketty" and it's posted at GoldMoney's Internet site here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Sinclair to speak at New York conference and hold Q&A meeting afterward

Gold advocate and mining entrepreneur Jim Sinclair will give the closing address at the Metals and Minerals conference to be held Monday and Tuesday, May 12 and 13, at the Marriott Marquis hotel in New York City:

Following the conference, Sinclair will hold his own question-and-answer meeting at the hotel for followers of his Internet site, Registration for the latter meeting will cost $100 and will include free registration for the Metals and Minerals conference. For more information, please visit:

Join GATA here:

Porter Stansberry Natural Resources Conference
AT&T Performing Arts Center
Margot and Bill Winspear Opera House
2403 Flora St., Dallas, Texas
Saturday, May 31, 2014

Committee for Monetary Research and Education
Spring Dinner Meeting
Union League Club, New York City
Thursday, May 22, 2014

Canadian Investor Conference 2014
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia
Sunday and Monday, June 1 and 2, 2014

New Orleans Investment Conference
Wednesday-Saturday, October 22-25, 2014
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana

* * *

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