3min chapter

The TED Interview cover image

The role of the wealthy in achieving equality with Darren Walker

The TED Interview

CHAPTER

The Social Bond Idea Allows Us to Take Advantage

The Fort Foundation has raised $1 billion by issuing a social bond. It will pay back the money at 2 per cent, which is lower than what big companies are paying on bonds. But why not just spend all of the endowment and put yourself out of business? Chris Brown says it would be 'smart' to take advantage of low interest rates....

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