A lot of folks are appalled at its growth. American venture capital has been a phenomenal force behind innovation. There have been bubble periods where debt is too high. But in terms of borrowing money when you need to, the American financial system is pretty good.
Author and economist Tyler Cowen of George Mason University talks about his book, Big Business, with EconTalk host Russ Roberts. Cowen argues that big corporations in America are underrated and under-appreciated. He even defends the financial sector while adding some caveats along the way. This is a lively and contrarian look at a timely issue.