How The Finance Industry Destroys Economies

Is the finance industry helping the economy, or just putting a lot of human and regular capital into moving money around in ways that make money for people with money but not actually investing in things that make everyone better off?

https://www.youtube.com/watch?v=fIsQHkTLlxY

The hidden trend behind Latinos’ shift toward Trump

“Underlying the 2024 election results was a subtle trend that could signal a dramatic reshaping of the electorate: a surge in ticket-splitting among Latino voters who shifted sharply toward Donald Trump but also supported Democratic House and Senate candidates.”

https://www.yahoo.com/news/hidden-2024-trend-complicates-latino-180000808.html

Ezra Klein and Derek Thompson: Politics, Trump, AOC, Elon & DOGE | Lex Fridman Podcast #462

Ezra Klein and Derek Thompson: Politics, Trump, AOC, Elon & DOGE | Lex Fridman Podcast #462

https://www.youtube.com/watch?v=DTPSeeKokdo

Immigrants Are a Boon to the U.S. Economy

“Texas, the only state that tracks immigrant crime, compares convictions per 100,000 Americans. Score: illegal immigrants, 782; legal immigrants, 535; native-born Americans, 1,422. It’s the opposite of what most of us have heard.”

“even illegal immigrants are a net gain. Not just because they harvest our food, do construction, etc., but also because Social Security and Medicare taxes are deducted from their paychecks. That’s money they never get back because they’re not legal.”

https://reason.com/2025/03/19/immigrants-are-a-boon-to-the-u-s-economy/

A New Study Adds to the Evidence That Drug Busts Result in More Overdose Deaths

“The study included 2,653 drug seizures and 1,833 opioid-related deaths from 2020 to 2023. “Within the surrounding 100, 250, and 500 meters,” RTI International researcher Alex H. Kral and his two co-authors reported in JAMA Network Open on Wednesday, “drug seizures were associated with a statistically significant increase in the relative risk for fatal opioid overdoses.””

“Prohibition makes drug use more dangerous by creating a black market in which quality and potency are highly variable and unpredictable. Ramped-up enforcement of prohibition magnifies that problem, as dramatically demonstrated by the deadly impact of restricting access to pain medication at the same time that illicit fentanyl was proliferating as a heroin booster and substitute.”

https://reason.com/2025/03/20/a-new-study-adds-to-the-evidence-that-drug-busts-result-in-more-overdose-deaths/