3 ms·
Most of this "decimated" wealth never existed in the first place. Why do people pretend otherwise? So they can throw around big numbers in a silly article?
by johnnybgoode 17y ago
Most of this "decimated" wealth never existed in the first place. Why do people pretend otherwise? So they can throw around big numbers in a silly article?
- jnorthrop 17y agoWhile the number does represent "paper" wealth, it is a fair measure of purchasing potential. For example if you have $1m in stocks, at that point in time you can sell the stocks and buy $1m worth of goods. If that number drops to $500k then you only have the ability to purchase that value.