The Oil Drum | Herman Daly on the Credit Crisis, Financial Assets, and Real Wealth

152 comments on Herman Daly on the Credit Crisis, Financial Assets, and Real Wealth

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HankF on October 7, 2008 - 1:58pm

I think he's saying that the Financial sector of the Service economy is way too big, employs way too many people and that may be true of the Service economy itself! What do you do with all these people when they are no longer needed to produce real things, which itself has been exported from the US?

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Gail the Actuary on October 7, 2008 - 4:53pm

If we are not getting many imports, we suddenly will need to produce real things. What do we do when we don't have the facilities to produce these things ourselves, and loans are very difficult to get?

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152 comments on Herman Daly on the Credit Crisis, Financial Assets, and Real Wealth

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