The banking system does relatively little banking; lending money for productive investment or even intermediating transactions. Its profits come from fees and bets on financial instruments.
On Sat, Jul 20, 2013 at 4:03 PM, Julio Huato <juliohuato at gmail.com> wrote:
> Okay here's one:
>
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Michael Perelman
Economics Department
California State University
Chico, CA
95929
530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com