In The USA: the Next Revolution

[Presley Cannady]

The proper role of the financial sector is to assess risk and allocate capital to productive purpose.

Which is precisely what it does. What seems to be lost on some is the notion that risk assessment and determining productive opportunities is not an exercise in self-evident pontificating.

I'm not sure why such people are afforded either respect or power, but we award them outsize amounts of both.

Because we've produced the $1.6 quadrillion line of credit that sustains low unemployment and multi-trillion dollar GDPs.

Such an unstable arrangement does not appear to be sustainable IMO.

Only if we peg the definition of "sustainability" to either zero volatility or some arbitrary degree of it.