> I believe that most of money consumed by the financial system actually goes back into the economy. Some bankers buy sushis, then sushi chefs buy gasoline, then oil drillers... and so on.
Yes and no. If a banker is being paid $100/hour then presumably (in an efficient-markets sense) their labour is worth that much, and they could be doing something else with their time that would be creating $100 of value instead.
Yes and no. If a banker is being paid $100/hour then presumably (in an efficient-markets sense) their labour is worth that much, and they could be doing something else with their time that would be creating $100 of value instead.