Re:Nicholas Taleb: The Great Bank Robbery
by yummyfajitas on Monday September 05, 2011 @05:29AM
(#2961695)
The bankers dont spend the money (as you point out), they put it in bank, or in treasuries, or they buy stock (and then the seller puts it in a bank, or in treasuries, or they buy stock).
In that case, the money is actually being invested by the government in "roads, schools, and other long-term projects".
Or at least some portion of it is - the rest is given to favored classes of Americans (a big chunk of govt spending is redistribution, not investment).
In that case, the money is actually being invested by the government in "roads, schools, and other long-term projects".
Or at least some portion of it is - the rest is given to favored classes of Americans (a big chunk of govt spending is redistribution, not investment).