>> It's important to keep in mind that there is a distinction between wealth and money... I think this goes astray here. I think the operative distinction is b

>> It's important to keep in mind that there is a distinction between wealth and money... I think this goes astray here. I think the operative distinction is between "wealth" in the abstract "wealth of nations" sense and the aggregate of wealth in the "net worth" sense. The first definition is pretty closely related to value. The second is more closely related to the value of assets. If real estate, shares, bonds and such have a high market value then we have more wealth in the "net worth" sense. The gross market cap of the education sector is not high, but it does generate value, for instance.