Re:HFT in My Backyard (2014)
by harryh on Thursday June 04, 2020 @09:50PM
(#23424207)
You can have a financial system without a stock market. It would be constituted with public banks or various kinds of credit unions.
Not really. A financial system that only consisted of debt and not equity would not be able to support anything like our current economy. We would all be much poorer for it. Loans are simply not suitable for a huge variety of financial risks.
Not really. A financial system that only consisted of debt and not equity would not be able to support anything like our current economy. We would all be much poorer for it. Loans are simply not suitable for a huge variety of financial risks.