3 ms·

The money is not siphoned out of the economy (unless it all leaves the US/World). The money made in finance is just as any other money, i.e., it is used to cons

The money is not siphoned out of the economy (unless it all leaves the US/World). The money made in finance is just as any other money, i.e., it is used to consume, invest, save etc. Btw., no-one is forced to trade incessantly, either.

stouset 3y ago
The money technically being “in the economy” is cold comfort to the workers whose COL has steadily increased while wages have remained flat.
- twoodfin 3y ago
  https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N