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David Dayen

David Dayen
David Dayen is a freelance writer based in Los Angeles, California. Follow him on Twitter @ddayen

Recent posts

You Don't Know America

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Banks Don’t Do Much Banking Anymore—and That’s a Serious Problem

As hedge funds, private equity firms, and other asset managers that make up the shadow banking system gradually take over the role of lending, their risks—and the borrowed money they use to make them—are largely shielded from view.

Economics Essays

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How a Frustrated Blogger Made Expanding Social Security a Respectable Idea

Thanks to decades of stagnant wages and the Great Recession, more than half of American working-class households are at risk of being unable to sustain their standard of living past retirement. Duncan Black is trying to change that.

 

housing-crisis

Will Rising Mortgage Rates Put an End to the Housing Recovery?

Rising rates will obviously send monthly payments higher, but they’ll also affect the market in a more unusual way: They’re going to hurt all-cash investor purchases of housing, which have been a boon to the most distressed markets.

 

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Is California About to Embark on a Gigantic New Experiment in Public Education?

Jerry Brown’s education plan asks, “Why not just give poor schools more state money—and authority over how to spend it?” His idea mirrors some of the most promising new theories of global development.

 

Capitol Building

The Strange Game Theory of the Sequester

The Obama administration wants the sequester to hurt immediately so the public will clamor for its reversal. But will this gambit work? Probably not.

 

(PHOTO: TOMASZ SZYMANSKI/SHUTTERSTOCK)

Signed, Sealed, Deposited

How to save the Postal Service—and protect ordinary Americans from financial predators—in one easy step: bring back postal banking!

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Feeling—Not Being—Wealthy Cuts Support for Economic Redistribution

Study suggests it's relative wealth that leads people to oppose taxing the rich and giving to the poor.

Sufferers of Social Anxiety Disorder, Your Friends Like You

The first study of friends' perceptions suggest they know something's off with their pals but like them just the same.

Standing Up for My Group by Kicking Yours

Members of a minority ethnic group are less likely to express support for gay equality if they believe their own group suffers from discrimination.

How Old Brains Learn New Tricks

A new study shows that the neural plasticity needed for learning doesn't vanish as we age—it just moves.

Ethnic Diversity Deflates Market Bubbles

But it's not in the rainbow and sing-along way you'd hope for. We just don't trust outsiders' judgments.

The Big One

One in two United States senators and two in five House members who left office between 1998 and 2004 became lobbyists. November/December 2014

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