Harold Ensley's Profile

Paul thinks the Fed is the root cause of the financial crisis and what permitted exorbitant risk-taking

A monetary policy of easy credit and artificially low interest rates was the main source of the financial bubble, and the correction is always trying to fix what the Federal Reserve has done

Microfinance tries to improve the economic condition of people in the developing world by giving them very small loans instead of donations. It tries to marry the discipline of markets with the charitable spirit of old-style foreign aid.

"Ninety-seven percent of our active loans are [paid] on time, and our default rate is less than 1%."