The 1915 TNR Debate That Predicted the Ills of the Billionaire Class
The New Republic · 15 days ago
In December 1915, Jacob Schiff sent an irritated letter to Walter Lippmann. Among the country’s most powerful financiers, Schiff was head of the elite banking house Kuhn, Loeb & Co. That perch afforded him the opportunity to be a dominant force in American philanthropy. Lippmann, only 26, was…
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