Yesterday’s NYT: A Secretive Banking Elite Rules Trading in Derivatives: In the aftermath of The Big Short, one would think we would try to stop this kind of thing. It is one thing to be OK with some people making a lot of money; it is another thing to think it is OK for people to make lots of money because of a rigged game in their favor. I worry that the extraordinary increase in unevenness in wealth is not the result of merit, but the result of the game being more and more rigged.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!