We Don’t Need More Fintechs or Financial Institutions (We Need More Production)

Two-line summary: We’re running the economy more on credit than on income and production (that buys time, not value). More intermediaries won’t fix low circulation , heavy debt service , and weak productivity ; better rails and real production will. I know, by this title you might think I’ve turned into some kind of communist or fallen for socialist rhetoric. That’s not it. I don’t like labels. I…