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It’s incorrect that proprietary trading has negative externalities. It’s also exhausting trying to explain that to an audience that has fundamental misconceptio
by alchemist1e9 1y ago
It’s incorrect that proprietary trading has negative externalities. It’s also exhausting trying to explain that to an audience that has fundamental misconceptions about economics, financial systems, and monetary systems, so I don’t think I have the energy today. Hopefully someone else will and add to this thread.
- MontyCarloHall 1y agoI never said it has negative externalities (whether it does or doesn't is a totally separate discussion), only that its positive externalities are certainly much less than some other fields that employ commensurately smart people, e.g. healthcare or climate change research.