3 ms·
Thats only in a day dream about how surpluses in the systems work. Read the history of banking. Wall St will show up and convince you to hand over surplus to pr
by qp11 3y ago
Thats only in a day dream about how surpluses in the systems work. Read the history of banking. Wall St will show up and convince you to hand over surplus to protect it, and handle all the hassles of dealing with others who need it. This way they control the price others pay. And make sure they are in their debt forever or go bankrupt.
As my econ prof loved to say all models of the world dont assume there is mindlessly ambitious J P Morgan out there. And have nothing interesting to say about what to do about him.