2/ Phases of a deal (1) search: buyers & sellers finding each other, (2) negotiations, (3) performance, (4) post-performance incentivization
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Lost me on that one, Nick
Think it's the term 'creation' I have trouble with. Has that value not just been diverted from elsewhere?
No. They've improved the productivity of making deals & made possible deals heretofore infeasible. Not a zero-sum game.
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Accept that, but unsure that 'trillions of dollars' have been created that, under the previous system, would have simply not existed.
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Think about it: If I pay you, with same you pay someone else, they pay someone else, eventually pay you again - bigger engine needs more oil
End of conversation
New conversation -
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