Friday, June 22, 2012

We were not as rich as we thought

The presumed wealth of the 1990s wasn't all smoke and mirrors, just a mirror reflecting our greedy/hopeful inner selves.

Again, cost/price is not a true measure, and value is a slippery thing.

http://www.aei-ideas.org/2012/06/americas-pre-crisis-wealth-was-an-illusion/

(Story has one of those charfs to back up the thesis. Scary, that where we should be is about where we are.)

Linked from www.maggiesfarm.anotherdotcom.com

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