Implementing policies like those proposed by Thomas Piketty would undermine the government’s legitimacy, which depends on the limits to its powers.
James A. Dorn
James A. Dorn is Cato’s vice president for monetary studies, editor of the Cato Journal, senior fellow, and director of Cato’s annual monetary conference. He has written widely on Federal Reserve policy and monetary reform, and is an expert on China’s economic liberalization. He has edited more than ten books, including The Search for Stable Money (with Anna J. Schwartz), The Future of Money in the Information Age, and China in the New Millennium. His articles have appeared in the Wall Street Journal, Financial Times, South China Morning Post, and scholarly journals. He writes regularly for Forbes.com. From 1984 to 1990, he served on the White House Commission on Presidential Scholars. Dorn has been a visiting scholar at the Central European University and Fudan University in Shanghai. He holds a Ph.D. in economics from the University of Virginia.