We have, in a phrase, confused ends with means. A banking system is supposed to serve society, not the other way around.
The Book of Jobs
Forget monetary policy. Re-examining the cause of the Great Depression—the revolution in agriculture that threw millions out of work—the author argues that the U.S. is now facing and must manage a similar shift in the “real” economy, from industry to service, or risk a tragic replay of 80 years ago.
By Joseph E. Stiglitz Illustration by Stephen Doyle
Link
Forget monetary policy. Re-examining the cause of the Great Depression—the revolution in agriculture that threw millions out of work—the author argues that the U.S. is now facing and must manage a similar shift in the “real” economy, from industry to service, or risk a tragic replay of 80 years ago.
By Joseph E. Stiglitz Illustration by Stephen Doyle
Link
