Is "Impact Investing" Just Bad Economics?

There was an entertaining article in this Sunday's New York Times Style Section about a gang of rich kids who got to go on a field trip to the White House to “empower” them and let them schmooze about their charitable projects (possibly now to include the DNC?).  My favorite line was a description of 26-year-old zillionaire Zac Russell, who wore a “loosely fitting suit without a necktie that contrasted with the stately White House surroundings.”  I recall how President Ronald Reagan ...