Steve Randy Waldman — Hidden profits, hidden rents

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.
In fact, it’s even better than it looks!

Interfluidity
Hidden profits, hidden rents
Steve Randy Waldman