Ceteris paribus, the economic profit expected is higher the lower the perceived governance costs.
To the extent that banks hold fewer bills, there will be (ceteris paribus) a reduction in their liquidity.
I do not see why low wages could ever be regarded as a threat to liberty, even if workers would prefer, ceteris paribus, higher ones.
Economic models tend to work on the "ceteris paribus" or "other things being equal" principle.
