The value of banking
Reader comment on: The 'Cannibalization' of Entrepreneurship
Submitted by Harry Binswanger (United States), Mar 29, 2011 19:10
Good piece! I would add that banking and finance creates wealth at the highest level: it gains profits when it directs capital to productive rather than unproductive ventures.
Entrepreneurs need capital, so how can there be a "problem" about too many people competing to find the best ventures to back with capital?
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