The distinction is not between the "real economy" and the "financial economy" - rather, it is between the "making stuff" economy and the "making bets" economy. And the shell game is that parts of the financial sector are in the former, and parts of the non-financial sector are probably in the latter.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
The finance sector makes an excellent servant for a monetary production economy, and an egregious master. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
