From WSJopinion: In the long run of history, Mike Milken has done more good for more people with his financial innovations and philanthropy than all the scribes of envy politics ever will
President Trump issued several controversial pardons and grants of clemency on Tuesday, but the most welcome was the pardon to legendary financier Michael Milken. The presidential action recognizes that the Milken prosecution of the late 1980s-early 1990s was an example of prosecutorial excess in an era like our own when political gales were raging about “the greed decade.”
Mr. Milken was one of the great financial innovators of the 20th century. In the 1980s he invented the high-yield bond market that is now a financial staple...
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