Limits to credit growth in one country may entail a spillover of funds to another country, and imbalances building up on one side of the Atlantic can drag down the financial system on the other side. 13  Caballero (2009). 14  Perotti and Suarez (2009). 15  Nicoletti Altimari and Salleo (2010). 16  Heider et al. (2009).
I may not personally hold the same relative valuation of those activities as others, but that is what free markets are about. They reflect and give weight to the values of the whole of society, not just those of any one segment.