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Reply #12: More like phantom economy [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

Raineyb

(1000+ posts) Send PM | Profile | Ignore

Mon Mar-30-09 01:15 PM
Response to Reply #11

12. More like phantom economy

Money made by shuffling money around in more and more exotic "debt instruments" creates bubbles which is what we have here. I don't think those companies are worth nearly as much as they say they are and without the tax money we've been giving them they'd deflate back to where they belong.

When will we learn in this country that shuffling money around doesn't create wealth?

Regards

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