John Kay a visiting Professor at the London School of Economics and author of Other People’s Money: The Real Business of Finance, explains the purpose of finance and how our economy devolved into greater financialization. Why paper wealth allows you to “imagine” more wealth. The “I’ll be gone, you’ll be gone” model of banking and do we need to wait for the next financial crisis for real reform?
On The Fun Half: Why Lawrence Lessig should have run as a Republican. Paul Ryan’s terms and conditions for running for Speaker of the House. Bibi Netanyahu says the Grand Mufti gave Hitler the idea for the Holocaust. Is Bernie Sanders really a socialist and your calls and IMs.