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The 1915 TNR Debate That Predicted the Ills of the Billionaire Class

Posted on August 28, 2026
By The New Republic
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The 1915 TNR Debate That Predicted the Ills of the Billionaire Class

An unpublished exchange between New Republic editor Walter Lippmann and financier Jacob Schiff wrestles with the consequences of extreme wealth—a question we are still struggling with today.