LynAlden on Nostr: Since the finance sector of the economy (investing, lending, payment processing, etc) ...

Since the finance sector of the economy (investing, lending, payment processing, etc) just enables other things we more directly care about, the more efficient it is the smaller share of economic activity it should be.

Ideally the financial sector should be a half or a quarter of its current share of GDP. It should slip into the background.

The financialization of everything is largely attributable to bad money and bad structural incentives.