Economist Paul Krugman Explains ‘Capital in the Twenty-First Century’

Economist Paul Krugman and Bill Moyers analyze a new book that’s the talk of academia and the media, “Capital in the Twenty-First Century” by Thomas Piketty. The 42-year-old, who teaches at the Paris School of Economics, shows that two-thirds of America’s increase in income inequality over the past four decades is the result of steep raises given to the country’s highest earners.