Prof Steve what if we set a rules for government to bailout only smes. corporations should find money from public through stock market without leverege.
As I (and I think many other economists) see it, banks are a clever but somewhat dangerous form of financial intermediary, one that exploits the law of large numbers to offer a better trade-off between liquidity and returns, but does so at the cost of taking on very high leverage, with all the risks that entails.
@@ProfSteveKeeni completely agree with your analysis. there's demand that a credit bubble expands until debt servicing costs become too high. QE is just saving those with assets at the expense of the working class.
"One man's meat is another man's poison", ie poisonous Dark Money corruption of anything that matters to societies depending on democratically informed accountability. Now there's yer problem!"
