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Owning stock is really a very messy proxy for wealth. What do you think would happen if they all sold their stock? They would plummet their paper networth.. An
by conanbatt 9y ago
Owning stock is really a very messy proxy for wealth. What do you think would happen if they all sold their stock? They would plummet their paper networth..
And its also not given that such a money, well gotten, has been produced by giving something in exchange, so it has removed tat money from less inefficient hands. It was still owned by someone, just changed hands.
Bastiat was right about something, using money as a measure of economics is just an invitation to confusion.