Re:One of Wall Street’s Most Popular Trading Strategies Is N...
by danaris on Sunday March 03, 2019 @10:48AM
(#19294983)
> Allocation of capital is one of the most important roles in society
Well...sure, but I don't see these people working to allocate capital to benefit society.
On the whole, the financial industry's influence tends to be to allocate capital to benefit the financial industry.
I get that liquidity is important, but it's not important enough that we should be siphoning off huge chunks of the money in the economy to give to these people as thanks for maintaining it. Frankly, that kind of concentration of wealth decreases liquidity and ends up, over the long term, being directly counter to the stated goal.
Well...sure, but I don't see these people working to allocate capital to benefit society.
On the whole, the financial industry's influence tends to be to allocate capital to benefit the financial industry.
I get that liquidity is important, but it's not important enough that we should be siphoning off huge chunks of the money in the economy to give to these people as thanks for maintaining it. Frankly, that kind of concentration of wealth decreases liquidity and ends up, over the long term, being directly counter to the stated goal.