ELI5- how exactly do ‘bankers’ become the richest people around(Jp Morgan, Rockefeller, rothschilds etc.), when they don’t really produce anything.
In: 17100
The don’t produce a good, they perform a service — they exchange future money for present money, and vice versa.
A few get rich because it’s an extremely valuable service. But a lot of bankers go broke too.
Latest Answers