Marina Krakovsky on the Middleman Economy
EconTalk
00:00
The Six Categories of Risk Bearers and Insulators
The risk bearer is very much related to being a certifier or enforcer. But it's all about really trying to pull the risk and discern external risk from what I call internal risk, which economists would know as counterparty risk. You want to avoid dealing with people who are known for some park quality or who you can't rely on. And so venture capital,venture capitalist example, that's the kind of risk that they're in a position to embrace because they're building a portfolio.
Transcript
Play full episode
