Since the finance sector of the economy (investing, lending, payment processing, etc) just enables other things we more directly care about, the more efficient it is the smaller share of economic activity it should be.
Ideally the financial sector should be a half or a quarter of its current share of GDP. It should slip into the background.
The financialization of everything is largely attributable to bad money and bad structural incentives.
LynAlden / Lyn Alden
npub1a2…cw83a
2024-08-04 19:14:21
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2024-08-04 19:14:21Event JSON
{
"id": "fe6f6011b264686dc5ba1ce1b073c02ed69393ee5068450d940f84348ca5e230",
"pubkey": "eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f",
"created_at": 1722798861,
"kind": 1,
"tags": [],
"content": "Since the finance sector of the economy (investing, lending, payment processing, etc) just enables other things we more directly care about, the more efficient it is the smaller share of economic activity it should be.\n\nIdeally the financial sector should be a half or a quarter of its current share of GDP. It should slip into the background. \n\nThe financialization of everything is largely attributable to bad money and bad structural incentives.",
"sig": "b7098eab65136ca381054a8406db2ea5347b61735d08c8a69be58e8dc78eb637001721265252bfede93e35c5613e786aa8d70700ae91ea934ce1b51fd895888b"
}