Lending money where it’s needed is what the modern form of finance, for the most part, does not do. What modern finance does, for the most part, is gamble. It speculates on the movements of prices and makes bets on their direction. Here’s a way to think about it: you live in ...
Now the Trump campaign is said to be considering another, even more outrageous approach: In a thorough and deeply disturbing piece about the constitutional crisis that may await us between November 3 and the inauguration in January, theAtlantic’s Barton Gellman reports that the Trump campaign has...
The greatest problem we have in society is the widening gap between the rich and poor. If there's one thing the next president should try to do is to redistribute wealth a little more equitably. I don't have the vaguest idea how to do that. All I know is that here in Silicon Valle...
But clearly, there are more factors at work. The collapse of enrollment in for-profit colleges is a result of numerous scandals and scams that left students with huge student loans and either no degree or with a degree that’s utterly worthless. It is likely that these for-...
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