bobmarino

7 ms·

1. 1.▲
   by bobmarino 12y ago

   another term for the local multiplier is the local premium, but the point being is that if you have 2 cities, one near , city L, and one far, city F, if you buy from small firms in city L more of your dollars will be recycled back into city
2. 2.▲
   by bobmarino 12y ago

   so the "Big Four" have ~4.8 trillion in assets and a small business loan portfolio of ~91 billion, 1.9% of their combined assets. Small and medium sized banks (those with assets under $10 billion) have ~3.9 trillion in assets and
3. 3.▲
   by bobmarino 12y ago

   Well, to address your main objection then that “the movement to buy/invest locally goes against all of economic theory.” That is not a correct statement. I would first point out that the quote from my first reply, which discusses the
4. 4.▲
   by bobmarino 12y ago

   by the by, I'm one of the project partners
5. 5.▲
   by bobmarino 12y ago

   Hi, putting aside the debate over free market theory for the moment, as regards the banking industry the evidence is very clear and compelling: smaller sized banks and credit unions do in fact lend a greater portion of their assets to small