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dpibel

(2,831 posts)
2. Money vs. wealth
Thu Feb 14, 2019, 12:14 AM
Feb 2019

I guess the author is saying there's $1.7 trillion in currency, or bank deposits or some such.

But according to the Fed, the total wealth in the U.S. (which includes such things as houses, which are not money, but are wealth) is something north of $100 trillion.

Which seems to me to put a slightly different cast on the size of the national debt.

Not particularly arguing with the point of the piece. I'm entirely down with the fact that wealth distribution in this country (and the world in general) is all messed up.

But it seems to me to hurt the argument when you use dubious comparisons to kick it off.

Meanwhile nothing has or will be done until it is way too f'ing late. democratisphere Feb 2019 #1
Money vs. wealth dpibel Feb 2019 #2
Yes, we can sell off our assets to pay our debts WhiteTara Feb 2019 #3
We will inflate. roamer65 Feb 2019 #4
This needs more eyeballs. brer cat Feb 2019 #5
Thanks Brer Cat!!! WhiteTara Feb 2019 #7
Great time for a tax cut! Vinca Feb 2019 #6
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