And so you said what you really need are smaller banks because they can more precisely allocate credit to different parts of the country that have different needs. And if you don't have that, you have stagnation and inefficiency and death. And That kind of describes what's happening in the United States. I'm sorry to ask you to pause. No, no, no. Is that what you're saying? Am I following this? Yes. No, you're not just following. That's exactly the next point. (1:25:18–1:25:21)
CLAIM
Asserts that the U.S. is experiencing economic issues similar to those caused by a lack of smaller banks in China.
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