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JuneSim63

"The wealth of empirical evidence showing that, beyond a certain threshold, financial sector growth harms the wider economy...History has shown time and time again that beyond a certain point, the financial sector can only continue to grow by taking excessive risks and increasing the economy’s debt burden until the inevitable collapse.”

Excerpt from a letter by 50 economists and policy experts warning Reeves against City deregulation.


theguardian.com/business/2024/

The Guardian · Economists and policy experts warn Reeves against City deregulationBy Heather Stewart
Dec 16, 2024, 09:12 AM·Public
30boosts·17favorites
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JW Prince of CPH, Radicalized

@junesim63 Funny how economics is only a hard science when the evidence shows it's great for rich folks to get even richer...

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