I regrettably watched the #documentary “Capital in the 21st Century” last night. Almost two hours of a non-stop pitch for wealth distribution, hating rich people (aka capital owners, ooohhh so evil), and a who’s who of fiat academics and economists decrying the need for a new system now that capitalism has failed. Not one mention of money printing, sovereign debt, or the Cantillon Effect. Every single person in the doc completely misunderstands the fundamental issue causing wealth inequality. There was even a suggestion that war isn’t necessarily bad because the old capital holders’ wealth is destroyed, and a new class can supplant the old class. What a disaster. Of course the main guy was French.