On 2013-06-13, at 10:10 AM, Jim Devine wrote:

> from Krugman's blog.
> 
> June 12, 2013, 5:22 pm
> Unproductive Finance
> 
> ...what we see here, as Drum notes, are
> real resources being devoted to the socially useless task of getting
> an economic number slightly before the hoi polloi. And you have to
> wonder how much of what the financial sector does is like that.

Krugman, of all people, has to wonder about "how much of what the financial 
sector does is like that"? Hasn't he heard of front running and flash trading?

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