Thursday, March 12, 2009

Innovation must continue in the financaial sector

At Seeking Alpha, they published an article this morning that emphasized that innovation must continue in the financial sector if we'd like to see the prosperity and growth like we've seen before. Ben S. Bernanke, the current chairman of the Federal Reserve System, said earlier this week Iit is unrealistic to hope that financial crises can be entirely eliminated, especially while maintaining a dynamic and innovative financial system."

What do you think? Is it worth it to continue innovation in the financial system to achieve the high peaks of success we've seen over the past few decades?

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