afeldstein

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Despite GOP efforts, Obama's safety net expansion is historic

Despite Republican majorities in<p>Congressthrough much of his tenure and increasingly insistent calls fromGOPpresidential candidates to rein in “free stuff,”President Obamahas engineered the largest expansion of the federal government's safety net in half a century, a record he cemented further as he …

Health Care

Sorry, Folks, Rich People Don't Create The Jobs

Hecto-millionaire Nick Hanauer is at it again.<p>One of the country's most successful entrepreneurs and investors, Hanauer is on a mission to teach his fellow 1%-ers how the economy actually works — how jobs are actually created, how a higher minimum wage would actually help, and how the crazy …

Economics

Investment Manager Explains Why 99.5% Of Americans Can Never Win

<i>Beyond the charts and warnings from economists and investors, perhaps the most disturbing commentary on income inequality in America was written by an investment manager in 2011.</i><p><i>"In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping</i> …

Income Inequality

The Death of Expertise

I am (or at least think I am) an expert. Not on everything, but on many things in a particular but wide area of human knowledge, specifically social …