Quality adjusted financial intermediation cost index, 1920-2011
1920 ( 19.0)
1980 ( 20.2)
1981 ( 20.4) Reagan
1982 ( 20.5)
1983 ( 20.3)
1984 ( 19.9)
1985 ( 19.3)
1986 ( 18.6)
1987 ( 18.3)
1988 ( 18.4)
1989 ( 19.0) Bush
1990 ( 19.5)
1991 ( 20.2)
1992 ( 20.8)
1993 ( 21.4) Clinton
1994 ( 21.6)
1995 ( 21.8) (High)
1996 ( 21.5)
1997 ( 20.9)
1998 ( 20.2)
1999 ( 20.1)
2000 ( 20.0)
2001 ( 20.3) Bush
2002 ( 20.5)
2003 ( 20.8)
2004 ( 20.5)
2005 ( 19.8)
2006 ( 19.0)
2007 ( 19.0)
2008 ( 19.4)
2009 ( 19.3) Obama
2010 ( 19.9)
2011 ( 21.0)
-- Thomas Philippon
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this calculation
either required extra terrestrial
higher intelligence
or its a bogus as my deceased uncle
"fire away" paine's
congressional medal of honor
----------------------
the easiest way to conceptualize the hi fi sectors net income:
laputa is
society's only partly co ordinated
but none the less micronic "best effots"
to squeeze out
" the mazimum economic rent
from the revenue stream of our primary production units
--------------------------------
look at stiglitz simple model here :
http://socsci2.ucsd.edu/~aronatas/project/academic/Stiglitz%20Greenwald.pdf
hint go to
part I section E
"optimal taxes"
now take a mind leap
substitute wall street profits for state taxes
this is the outer bound of " pareto efficient"
wall street parasitism
trust me here
the reconceptualization is nothing short of brilliant
and you read it here
first
