Question: Do you think financing government debt will unintentionally cannibalize capital needed to fund innovation at small and medium enterprises? In other words, at any given time there is a finite pool of capital (financed through savings) that can be spent in a variety of endeavors. Financing sovereign debt is one such market for capital, yet other, unseen areas are SMEs, who do not have the political or institutional "pull" to receive loans/funds during a solvency crisis. Thus will the steps towards a "technological singularity" be slowed down due to lack of financial resources?
Question: Do you think financing government debt will unintentionally cannibalize capital needed to fund innovation at small and medium enterprises? In other words, at any given time there is a finite pool of capital (financed through savings) that can be spent in a variety of endeavors. Financing sovereign debt is one such market for capital, yet other, unseen areas are SMEs, who do not have the political or institutional "pull" to receive loans/funds during a solvency crisis. Thus will the steps towards a "technological singularity" be slowed down due to lack of financial resources?