Feature Articles » Has “Financialization” Been Draining the U.S. Economy?

Has “Financialization” Been Draining the U.S. Economy?

June 13, 2013

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A senior Republican economics and policy icon makes the case that the U.S. economy has been weighed down by increasing financialization, in a long-term trend that began to pick up steam in the 1980s and “leeches growth” from other sectors, while contributing to extreme inequality of income.

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