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  • Sonenshine on Financial Crisis and Reform [View article]
    donzelion - - -

    You are probing right at the heart of the structural problem. The purpose of finance should be to fund the means of production. We have found ourselves in a system structure which had the purpose of using credit to create more credit and had nothing to do with means of production (except more money).

    The author also hits this head on in the last sentence of the article:

    "In short, as we obsess about new regulation, we should remember that it is a competitive business economy that finance is supposed to power."

    I apologize for being late to the discussion. The comment stream, though short, has a good cross section of thought on this subject.
    Jan 15 18:42 pm |Rating: +2 0
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