2 ms·
I see. I guess I'm not that familiar with ideologies in the world of economics academia. In the real world I don't think there's anyone, including central ban
by YZF 10y ago
I see. I guess I'm not that familiar with ideologies in the world of economics academia.
In the real world I don't think there's anyone, including central bankers, who currently thinks (or really ever thought) that bailing out banks that give bad loans is a good idea or e.g. that companies taking debt to buy back shares is a good idea. Central bankers also don't think (any more) that QE or reducing rates can restore real economic growth to the pre-crisis levels.
What do you think looking at "finance" vs. "real" economy is going to get us? How will it impact policies? What does it mean to "push finance away from power" and what are the implications?
Not to mention the futility of trying to track what's finance and what's real. Is VC "real" or "finance"? When Microsoft buys LinkedIn is this "real" or "finance"? Is Facebook a part of the "real" economy? Disney? My retirement savings that are sitting in the bank, is that "real" or "finance"?