To see the need for hard and soft infrastructure, we can look back at the catastrophic Donner Party and ahead to contemporary legislation.
Rather like Apple just became the first trillion dollar corporation, in 1901 U.S. Steel took us past the billion dollar threshold.
Kenya’s economic development has been fueled by a mobile banking system that makes it easy to save, send and spend money with a cell phone.
Whether looking at a woman who needs close to $360 to pay her rent or a railroad that needs to be built, financial intermediaries are an economic necessity.
Colorado’s marijuana growers and dealers are wasting resources because banks and insurance companies will not act as their financial intermediaries.
A confession: I have never disliked the “robber barons.” Written by Matthew Josephson (1899-1978), The Robber Barons told us how the great nineteenth industrial empires were built. Emphasizing the misdeeds of Rockefeller, Carnegie, Frick, and their contemporaries, the author helped…