It seemed to me that, yes, our modern sophisticated financial systems had created enormous macroeconomic risks. But it also seemed to me that a world short of risk-bearing capacity needed virtually anything that induced people to commit their money to long-term risky investments.
Me parecía que a pesar de los enormes riesgos macroeconómicos creados por los sofisticados sistemas financieros de la actualidad, en un mundo sin suficiente capacidad de compartir riesgos se necesitaba casi cualquier cosa que indujera a la gente a comprometer su dinero en inversiones arriesgadas a largo plazo.