Evan Soltas attracts the attention of SRW with his analysis of profits and rents.
Evan Soltas has a very good post on the explosive growth of the financial industry since the end of World War II. As a share of GDP, in terms of profits, and in terms of payroll, postwar America has been truly been a golden age for bankers, brokers, and fund managers.Interfluidity
In fact, it’s even better than it looks!
Hidden profits, hidden rents
Steve Randy Waldman
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