Boomerang: Travels in the New Third World

“The global financial system may exist to bring borrowers and lenders together, but, over the past few decades, it has become something else, too: a tool for maximizing the number of encounters between the strong and the weak, so that the one might exploit the other.”
“There is no such thing as a riskless asset. The reason an asset pays a return is that it carries risk.”
“In 1980 a Cal student paid $776 a year in tuition; in 2011 he would pay $13,218.”