Crowding out infrastructure, research, education. Gap between rich and poor 13 times, now 15 times, going to 20 times. Poverty in young families, stress on marriage. Corporations being sucked into financial cyberspace. Huey Long wanted to redistribute wealth.
Social security is the most regressive, it's a tax on jobs.
Not debating why we're relying on it, but how to finance it. Looking at an indexed portfolio of equities. Economists advising in-transition governments. What's the third way. International language is now finance.