Category Archives: Free markets and their discontents

Reining in Leveraged Lending

Yves here. This article pre-supposes that readers understand that most leveraged lending is taking place as a result of private equity, via two routes. First, private equity funds use a great deal of borrowed money when buying companies. One of the biggest sources is so-called leveraged loans, which are normally originally made by banks, but […]


Charter Schools Are Pushing Public Education to the Breaking Point

Not only do charter schools not improve student performance, but they are inefficient and drain resources from public schools. It should come as no surprise that resource-scarce schools who’ve also typically had their students cherry-picked have trouble.