European Tribune - Comments - Merkel steps into the inflation debate

Merkel steps into the inflation debate | 127 comments (127 topical, 0 editorial, 0 hidden)

of investments. Lots went from banks to parts of the shadow banking system. A form of corruption, truly. Meanwhile worthwile investment was left wanting in indistry and research.

Patrice Ayme Patriceayme.com Patriceayme.wordpress.com http://tyranosopher.blogspot.com/

by Patrice Ayme on Wed Jun 3rd, 2009 at 01:39:41 PM EST
[ Parent ]

Re: Problem is MISALLOCATION (none / 0)

I thought the argument for financial deregulation was that it would increase allocative efficiency...

The brainless should not be in banking. — Willem Buitler

by Migeru (migeru at eurotrib dot com) on Sun Jun 7th, 2009 at 05:00:38 AM EST
[ Parent ]

Re: Problem is MISALLOCATION (none / 0)

But it did increase "allocative efficiency." Money was allocated to the Swiss bank accounts of prominent American oligarchs much more efficiently than under the old system.

Isn't that what "allocative efficiency" means?

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Jun 7th, 2009 at 07:22:08 PM EST
[ Parent ]

Merkel steps into the inflation debate | 127 comments (127 topical, 0 editorial, 0 hidden)

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