Thursday, October 13, 2016

The Dangers Of Financialization
New Economic Thinking .. TIME magazine assistant managing editor Rana Foroohar’s book Makers and Takers sounds an important note of warning on the dangers of financialization of the U.S. economy. She reveals that the financial system no longer funds new ideas & projects — only about 15% of the money coming out of financial institutions goes into business investment; the rest is spent buying & selling existing financial instruments. That’s why $4 trillion worth of monetary stimulus that followed the financial crisis meltdown has failed to produce anything more than anemic growth. In this video, she discusses her book, its implications for the economic policy challenges facing America’s decision-makers, with Institute president Robert Johnson .. 20 minutes

No comments: