 Copenhagen, Denmark (Wikimedia Commons) By Matt O'Brien There's only one thing that can save the American Dream, and that's socialism. That, at least, is what economists Rasmus Landerso and James Heckman found when they looked at what's supposed to be the real land of opportunity nowadays: Denmark. It's the best country in the world for a poor kid to grow up in, but that's not because they're more likely to get a middle class job. It's that their government helps them more than anybody else's does. Which is to say that Horatio Alger stories don't make any more sense in Danish than they do in the original English except for all the redistribution they do. The question, though, is how much is too much. In other words, is there a point at which supporting people's dreams makes it so that they don't need them anymore? Read the rest on Wonkblog.
Chart of the day As an investor, Donald Trump has performed poorly relative to his peers in the real-estate market. Max Ehrenfreund has more. 
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