[CAF Note: On a scale of 1-10, 10 being a terrific idea and 1 being a horrible idea, social impact bonds are a 1. I would much prefer that parties involved would stop engaging in/with financial fraud and narcotics trafficking. That, however, would not be good for their endowments and businesses. If we are lucky we get some prototyping of positive incentive systems and a lot more Orwellian photo ops.]
By Michael A. Fletcher
Six states are moving to develop so-called social impact bonds, marking a broad expansion of an experiment that taps private investors to fund capital-hungry social programs.
Related Reading:
From Potential to Action: Bringing Social Impact Bonds to the U.S.
