European Tribune - Comments - Capitalism That Works For All

Capitalism That Works For All | 67 comments (67 topical, 0 editorial, 0 hidden)

I would maintain a primary economic activity of banks, considered generally, is to make loans. If it isn't economic activity I'm bewildered as to what else to call it. But I'm not going to be dogmatic about that or how financial transactions are measured within GDP calculations as I don't think GDP means diddly - Self-Referencing the Subject line of this thread. ;-)

by ATinNM on Sun Jun 25th, 2006 at 12:42:41 PM EST
[ Parent ]

Re: Forget GDP (none / 0)

Only banking income (i.e. fees and margins - i.e. not the whole interest rate) is counted in GDP.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Jun 25th, 2006 at 01:03:12 PM EST
[ Parent ]

Re: Forget GDP (none / 0)

Thanks Jerome!

by Laurent GUERBY on Sun Jun 25th, 2006 at 01:23:08 PM EST
[ Parent ]

Capitalism That Works For All | 67 comments (67 topical, 0 editorial, 0 hidden)

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