By SIMON CONSTABLE
It should be clear when it comes to money the playing field of finance has been heavily skewed against many groups, including women, African Americans, Native Americans, and even the indigent white population. Loans to given to some people with ease are frequently denied to otherwise similar folk due to prejudices of the lender.
While most Americans know that "redlining" meant residents of specific neighborhoods wouldn't get loans, there's far more to the appalling history of excluding many groups from participating in mainstream finance. That matters because while money makes the world go around (and it does) anyone treated unfairly will be disadvantaged.
Acclaimed financial historian Robert E. Wright brilliantly tackles the topic with his usual thoroughness in his new book Financial Exclusion: How Competition Can Fix a Broken System. It's published by the American Institute for Economic Research earlier this month. Read more here.
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