Rana Foroohar is Assistant Managing Editor at Time and the author of Makers and Takers: The Rise of Finance and the Fall of American Business.
 (December 2016)

IN THE REVIEW

The Brutal Battle over the Euro

Joseph Stiglitz and then French Finance Minister Christine Lagarde, Paris, January 2011

The Euro: How a Common Currency Threatens the Future of Europe

by Joseph E. Stiglitz

The Euro and the Battle of Ideas

by Markus K. Brunnermeier, Harold James, and Jean-Pierre Landau
The Harvard economist Kenneth Rogoff once told me, “Europe is like a couple that wasn’t sure they wanted to get married, so instead they decided to just open a joint checking account and see how things went.” Things went badly, as evidenced by the eurozone’s continuing struggle to move beyond …

How the Financing of Colleges May Lead to Disaster!

Game of Loans: The Rhetoric and Reality of Student Debt

by Beth Akers and Matthew M. Chingos

Diploma Mills: How For-Profit Colleges Stiffed Students, Taxpayers, and the American Dream

by A.J. Angulo
When the financial industry—banks, hedge funds, loan companies, private equity—gets too involved in any particular activity of the economy or society, it’s usually time to worry. The financial sector, which represents a mere 4 percent of jobs in this country but takes a quarter of all private sector profits, is like the proverbial Las Vegas casino—it always wins, and usually leaves a trail of losers behind.