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Stefan_Schubert comments on May 2014 Media Thread - Less Wrong Discussion

2 Post author: ArisKatsaris 01 May 2014 09:49PM

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Comment author: Stefan_Schubert 05 May 2014 01:34:16PM *  0 points [-]

The finance industry is under attack on different fronts. The Economist and Financial Times, often wrongfully portrayed as dogmatic neo-liberals (not the least in Continental Europe) support the development:

The (too slow and belated, but nonetheless welcome) rise of index funds to the detriment of actively managed funds.

Martin Wolf, chief FT columnist, embraces the abolition of fractional reserve banking and private banks' money creation

Wolf's article has spawned a debate involving, e.g. Krugman. Positive Money has a good overview article of the debate here