swestrup: (Default)
swestrup ([personal profile] swestrup) wrote2009-03-22 06:33 pm

Fixing the Economy

The Problem:
  1. Money is just Imaginary Gold.
  2. Stocks are just Imaginary Money.
  3. People imagine that Stocks are worth less now.
Solution:
  • Stop doing that!

[identity profile] cloquewerk.livejournal.com 2009-03-23 03:03 pm (UTC)(link)
Also,

1.1 Money isn't tied directly to gold since the Nixon Shock of '71 when the US abandoned Bretton Woods.