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Author: Nathaniel Fischer

features
9 minutes

To Survive in Higher Ed, Break From the Woke Herd

A Warning to Calvin University.

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Finance Means Betting on People—Not Numbers

David Graeber has written a persuasive critique of the way mainstream economics treats money. His “credit theory of money,” which holds that all money is credit, is interesting. But he stops short of the true nature of money. Graeber describes how credit is created by banks, but—contrary to his implication—banks do not simply create credit…