A new Trump executive order has opened the door for 401(K) holders to invest in private equity, cryptocurrency, and other alternative assets. Why did Trump make this decision? Is this a beneficial “public policy” for common people preparing for retirement? Gerald Epstein, a leading expert on finance and financial crises, warns that Trump’s executive order on retirement accounts not only comes with high risks, but the so-called alternative assets deliver, at best, average returns. Epstein is professor of economics and co-director of the Political Economy Research Institute at the University of Massachusetts Amherst. His latest book is Busting the Bankers’ Club: Finance for the Rest of Us.

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