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The 1 percent’s most ruinous sin: How they sap our politicians of all decency

How the sad story of Mitt Romney explains everything that’s wrong with American democracy<p>"Mitt," Netflix's recently released documentary chronicling the two failed presidential campaigns of Willard Mitt Romney, has, on the whole, been rather well-received. And not just by the New York Post's …

What President Obama Should Really Do About Inequality

Inequality is the big economic topic of the moment—everyone from the Pope to New York mayor Bill DeBlasio to global leaders at the recent World …

How Milton Friedman Predicted Bitcoin In 1999

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Bitcoin is widely embraced by the libertarian community, mostly because the digital currency isn't tied to any single government, nor is it that heavily regulated. (Well, at least not yet. Give it time.)<p>So it shouldn't come as a surprise …

Milton Friedman

Listen up, talking heads: Upward mobility isn’t the answer

Voices on both sides of the aisle now argue that mobility, not inequality, should be our priority. That’s a mistake<p>A new “bipartisan consensus” is brewing: 2014 will be the year in which Very Serious People argue that America's primary economic goal should be increasing social mobility, not …

$10: One Perspective On What Bitcoin Will Be Worth In 2014

The Wild West has become a popular metaphor for the unregulated Bitcoin market. Like in old cowboy films, the world of Bitcoin has not only miners and modern a gold rush, but the requisite intrigue, volatility and power players that make a compelling story.<p>As the currency-commodity-technology’s …

Federal Reserve Bank of Atlanta

• If you typed the page address in the Address bar, make sure that it is spelled correctly.<br>• Use the search tool above to find what you're looking …

The income inequality debate is now in the mainstream

Whether it's because President<p>Obama recently highlighted the issue or because most Americans are really feeling the pain, the debate over income inequality is now part of the mainstream kitchen-table debate.<p>That's the conclusion to be drawn from a Gallup poll released Monday, on<p>Martin Luther King …

The Real Culture of Income Inequality

Fifty years later and now it looks like Lyndon Johnson's "War on Poverty" wasn't such an abject defeat after all. Several studies have come out to mark the 50th anniversary and make the case that Johnson's war has made a difference, or, more to the point, that without those Great Society programs, …

David Brooks' Utter Ignorance About Inequality

Occasionally David Brooks, who personifies the oxymoron "conservative thinker" better than anyone I know, displays such profound ignorance that a rejoinder is necessary lest his illogic permanently pollute public debate. Such is the case with his <i>New York Times</i> column last Friday, arguing that we …

Income Inequality

Income inequality is biggest global risk, World Economic Forum says

Worsening income inequality is the risk most likely to cause serious damage around the globe in the coming decade, the World Economic Forum said in a report ahead of its annual gathering in Davos, Switzerland, next week.<p>The widening gap between rich and poor "raises concerns about the Great …

Finance
Finance

5 facts about economic inequality

Issues of inequality seem poised to play a large role in the public discourse this year. President Obama is expected to use his Jan. 28 State of the …

Dear middle class: Welcome to poverty

With income inequality surging, the middle class is disappearing into the chasm<p>Fifty years ago today, LBJ threw down the gauntlet on poverty in his famous State of the Union address of 1964. Fired with passion and buoyed by bipartisan support, his anti-poverty team kicked off new health insurance …

How to explain Bitcoin to your grandmother

As anyone who doesn't have a degree in advanced computer science knows, Bitcoin is conceptually tricky. Thus, when your grandmother is wanting to buy …

How the Bitcoin protocol actually works

Many thousands of articles have been written purporting to explain Bitcoin, the online, peer-to-peer currency. Most of those articles give a …

Bitcoin

Bloomberg.com

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Any Hope Of American Equality Died In The 1980s (And Here's Proof)

That growing divide between the rich and you? It's not just in your mind, and it's certainly not just a couple years in the making.<p>Actually, the average incomes of the top 1 percent of Americans have grown steadily over the last century or so, especially when compared to the flat-lining incomes for …

Pope Francis slams super salaries for the rich while the poor survive on “crumbs”

Growing inequality requires “timely rethinking of our models of economic development and … a change in lifestyle”<p>Pope Francis has made yet another strongly worded statement on growing inequality and economic justice, this time slamming outsize salaries and bonuses for corporate executives while …

Look at the stats: America resembles a poor country

We’re number one, sure, but in things like early onset diabetes and per capita incarceration<p>Last week, President Obama gave one of the most important speeches of his presidency when he spoke about the rapidly growing deficit of opportunity in this country. It was the president’s most focused and …

President Obama Quotes Pope Francis In Speech About Income Inequality

The Pope is making the world sit up and pay attention to poverty with his dedication to serving the poor, and it looks like world leaders are taking a leaf out of his book, including President Obama.<p>During a Wednesday speech on income equality, Obama remarked, "Across the developed world, …

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