> ...the collective revenue of financial institutions as (at best) a necessary inefficiency of a market-based system. This doesn't make sense. If every dollar

> ...the collective revenue of financial institutions as (at best) a necessary inefficiency of a market-based system. This doesn't make sense. If every dollar of their revenue created more than a dollars worth of value for the rest of the economy, then it's a net win. To put it in a different way, consider the economic losses if you couldn't get cheap mortgages, loans, etc. from financial institutions.