Quite an interesting article.
Anthony Krensel
11

Thank you for the feedback. I appreciate it. I would only add that every cent of government spending come either from taxes on the income of individuals and companies or from investors’ capital used to buy government bonds. Industrial wealth powers the government and every good or bad thing government does.

The financial services sector is, as you describe, messed up. To me, their primary contribution is management of the plumbing that moves cash through the system. Liquidity is the blood of capitalism and the people who “manage” the circulatory system are as self-interested, difficult, corner-cutting, ambitious, brilliant, creative as human beings are in general.

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