Banks are back, sort of

I've always been fascinated by the intersection of the real and money economies.  Our real economy is still floundering--as judged by the weak growth in employment whle the financial sector, the money economy, is recovering.  (see here for a good overview)  Yet, the financial economy ultimately depends on the real economy.  Which is more important?  Our conversation last night about defaults was, in part, a conversation about the relative importance of real versus nominal economies.  Ultimately, you can't eat money.