Hard creation, resilience and gumption lead to success, right? This narrative imbues the route we speculate, says economist Darrick Hamilton, but the truth is that our chances at fiscal defence have less to do with what we do and more to do with the affluence sentiment we’re born into. Enter “baby bonds”: cartel notes of up to $ 60,000 for every newborn, calibrated to the wealth of their family. Learn how this bold proposal could help us reduce inequality — and apply every child personal grain coin for important things like going to college, buying a home or starting a business. “Without capital, prejudice is locked in, ” Hamilton says. “When it comes to financial insurance, resource is both the beginning and the end.”

Read more: ted.com.