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From an information theorist's perspective, bankers don't create anything, they just skim a percentage off of other people's transactions – they're a drain on t
by gilgoomesh 13y ago
From an information theorist's perspective, bankers don't create anything, they just skim a percentage off of other people's transactions – they're a drain on the system.
STEM workers create assets from nothing – the best STEM workers create billion dollar (or more) industries from nothing. Bankers just move existing assets around – they're fat that needs to be trimmed.
- waps 13y agoFrom an economic perspective, what bankers create is correct allocation of economic resources. I doubt that that is how banks create their money these days though.