This text tells the story of the collapse of LTCM (Long-Term Capital Management). It addresses key questions of the role of science in finance, and where this d

Most people, upon first hearing about Bitcoin, don't really understand it. Is it magical Internet money? Where does it come from? Who controls it? Why is it imp

Everything from home mortgages to climate change has become financialized, as vast fortunes are generated by individuals who build nothing of lasting value. Das

A historian's call to make the celebration of America's past more honest.

Each year we pay billions in fees to those who run our financial system. The money comes from our bank accounts, our pensions, our borrowing, and often we aren�