« Mass Unemployment As Conservative Policy - To Keep Wages Down | Main | Shorter Republican Strategy »

December 31, 2011

Financial Sector Growth

-- by Dave Johnson

Brad DeLong: America’s Financial Leviathan: Project Syndicate discusses ways the financial sector can help the economy, and mentions the sector's justification for its growth:

"not, by and large, been a bad thing....Deploying capital to the places where it can be best used helps the economy grow..."

But if the financial sector was helping the economy grow, then the sector's share of the economy would not be increasing so much, because the economy would be increasing.

Posted by Dave Johnson at December 31, 2011 9:58 AM


Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Remember me?

Email this entry to:

Your email address:

Message (optional):

Return to main page