Binges Of 'High-Beta Rich' Shake Up U.S. Economy

"The rich are not only getting richer, they are becoming more dangerous," Robert Frank writes in his new book The High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, Bubble and Bust.

The spending binges of the top 1%, he says, are "the most unstable force in the economy."

Frank talks with NPR's Neal Conan about how some of the inhabitants of Richistana land of private jets, yachts and million-dollar watches — have lost their fortunes, and taken average Americans with them.

Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.

NPR

'The Innocent Have Nothing To Fear' Echoes Real-Life Republican Race

NPR's Ari Shapiro talks with Stuart Stevens, a former strategist for Mitt Romney, whose new novel, The Innocent Have Nothing to Fear, tells the story of a neck-and-neck Republican primary campaign that ends up at a brokered convention.
WAMU 88.5

How History Influences Diets In D.C. And Around The World

Kojo and chef Pati Jinich look at how history -- and famous names like El Chico, Azteca and even Fritos -- shaped modern Mexican-American cooking in the Washington region and beyond.

WAMU 88.5

Implications Of The Supreme Court's Immigration Ruling

Many undocumented immigrants are living in fear after a Supreme Court ruling effectively barred deferred deportation for 4 million people. What the ruling means for families across the country and how immigration policy is playing out in 2016 election politics.

NPR

Click For Fewer Calories: Health Labels May Change Online Ordering Habits

Will it be a hamburger or hummus wrap for lunch? When customers saw indications of a meal's calorie content posted online, they put fewer calories in their cart, a study finds.

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