James Ahiakpor asks "With what do investors invest, if not the savings of
households?" Well, Schumpeter and lots of other economists have said
that banks provide the finance. The answer still seems to me to be a
pretty good one.
Anne Mayhew
1101 McClung Tower
University of Tennessee
Knoxville, TN 37996-0411
PH: 615-974-1689; FAX: 615-974-3915; E-MAIL: [log in to unmask]