The evidence for the efficacy of microfinance in stimulating production and alleviating poverty is so far anecdotal rather than systematic. The idea of borrowing one’s way out of poverty is passing strange. And I am unaware of any historical examples of nations that climbed out of poverty on the backs of small entrepreneurs financed by credit. The Grameen Bank has a surprisingly low default rate and it does not have written loan agreements and does not sue defaulters or invoke other legal remedies against them.
Pando is a stand of aspen in Utah that is 14,000 years old and weighs 12 million pounds. Humans threaten to end its long reign.
The monsoon rains were not always so reliable.
The “attention economy” corrupts science.
“Salvator Mundi” sold for a record-breaking $450 million in 2017, but is it really as valuable as people were led to believe?