Read Anywhere and on Any Device!

Subscribe to Read | $0.00

Join today and start reading your favorite books for Free!

Create Free Account

Financial Exclusion: How Competition Can Fix a Broken System

0/5 ( ratings)

Like mass incarceration and slavery, financial exclusion, discrimination, and predation serve the interests of the few at the expense of their direct victims and overall economic efficiency. Yet those banes persist, evolve, and even thrive because governments often foster them with one hand while ineffectually combatting them with another.In Financial Exclusion, Robert E. Wright shows that America once ameliorated financial discrimination by leveraging the power of competition, allowing people who felt they were irrationally deprived of loans, insurance, or other financial services for reasons of ethnicity, gender, race, or religion to form their own financial institutions. Abandonment of that tradition for top-down government regulation in the 1990s led inevitably to the financial crisis of 2008. More regulation or direct government provision of financial services will not aid the those living in the hopeless, hungry side of town as much as a return to America’s free market traditions will.Robert E. Wright has served Augustana University as the inaugural Nef Family Chair of Political Economy since 2009. After receiving his Ph.D. in economic history from SUNY Buffalo in 1997, Wright taught economics at the University of Virginia and New York University’s Stern School of Business. His 18 previous books include Mutually Beneficial, The First Wall Street, Financial Founding Fathers, One Nation Under Debt, Bailouts, Fubarnomics, Corporation Nation, Little Business on the Prairie, and The Poverty of Slavery.

Pages: 389

Format: Kindle Edition

Release: May 27, 2019

Financial Exclusion: How Competition Can Fix a Broken System

0/5 ( ratings)

Like mass incarceration and slavery, financial exclusion, discrimination, and predation serve the interests of the few at the expense of their direct victims and overall economic efficiency. Yet those banes persist, evolve, and even thrive because governments often foster them with one hand while ineffectually combatting them with another.In Financial Exclusion, Robert E. Wright shows that America once ameliorated financial discrimination by leveraging the power of competition, allowing people who felt they were irrationally deprived of loans, insurance, or other financial services for reasons of ethnicity, gender, race, or religion to form their own financial institutions. Abandonment of that tradition for top-down government regulation in the 1990s led inevitably to the financial crisis of 2008. More regulation or direct government provision of financial services will not aid the those living in the hopeless, hungry side of town as much as a return to America’s free market traditions will.Robert E. Wright has served Augustana University as the inaugural Nef Family Chair of Political Economy since 2009. After receiving his Ph.D. in economic history from SUNY Buffalo in 1997, Wright taught economics at the University of Virginia and New York University’s Stern School of Business. His 18 previous books include Mutually Beneficial, The First Wall Street, Financial Founding Fathers, One Nation Under Debt, Bailouts, Fubarnomics, Corporation Nation, Little Business on the Prairie, and The Poverty of Slavery.

Pages: 389

Format: Kindle Edition

Release: May 27, 2019

More books from Robert Wright

Why Buddhism is True: The Science and Philosophy of Meditation and Enlightenment

3.9/5 ( ratings)

The Moral Animal: Why We Are the Way We Are - The New Science of Evolutionary Psychology

The Evolution of God

3.9/5 ( ratings)

Nonzero: The Logic of Human Destiny

3.9/5 ( ratings)

Three Scientists and Their Gods: Looking for Meaning in an Age of Information

3.7/5 ( ratings)

How Mindfulness Can Heal the World: Evolving Beyond Tribalism

4.4/5 ( ratings)

The Clay Orchard

Clueless In Paradise (A Billy Bob Bahama Sailing Adventure)

3.6/5 ( ratings)

You've Got Rocks

3.5/5 ( ratings)

Financial Exclusion: How Competition Can Fix a Broken System

Grand Hotel: The Musical

A Box of Travel Papers: Starring a Harry Flashman Chapter (Indian Travel and History Book 7)

An Humble Address To The Right Honourable The Lords, And The Rest Of The Honourable Commissioners, Appointed By Act Of Parliament To Judge Of All Performances Relating To The Longitude

Grand Hotel: The Musical

Fifteen Minutes on Illinois Street: Considering Community in the Time of COVID-19

The Moral Animal: Why We Are the Way We Are: The New Science of Evolutionary Psychology

The Soul's Code: In Search of Character and Calling

Surveying and Mapping for Field Scientists

Thirteenth Century England IX: Proceedings of the Durham Conference, 2001 (Thirteenth Century England, 9)

Notre homme à Téhéran: Ken Taylor, la CIA et la crise iranienne des otages

Rate this book!

Write a review?