Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity. — Rakesh Jhunjhunwala Copy Share Image
I'm struck by the fact that by and large equity capital doesn't play a big role in new financing; it's either bonds or internal financing but not really equity. And therefore, it's not clear that anything which improves the equity… — Kenneth Arrow Copy Share Image