Broncobilly

lunedì 27 luglio 2009

L' innovazione fa bene?

Sembra di no. Almeno quella finanziaria.

financial innovation, on net, was a bad thing

Elegante come assalto al pregiudizio. Ma non regge...

I can understand that particular financial innovations might be bad, but financial innovation overall? Surely this claim was false in years 1200, 1900, and also 1950. (Of course you’ll find very harmful financial explosions between those years and the current day but still on net you’ll take the progress.) If the U.S. economy resumes growing at an average rate of about two percent a year, eventually our economy will look very, very different than it does today. It’s hard for me to see running the economy of 2100 with the banking system of…what is the nostalgic year? 1992? 1957?

E se proprio siete a caccia di pregiudizi da sfatare accontentatevi di aver individuato un caso dove nulla come il mercato si cura del "lungo periodo".
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