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Pastimes : Book Nook
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To: chic_hearne who wrote (28)3/20/2001 1:26:04 PM
From: Ilaine  Read Replies (1) of 443
 
Don seems to be arguing that the money just changed hands, you are saying it all went to money heaven, and I think the answer is that both things happened.

For the people who bought and sold stocks, there were real dollars that changed hands. Some of the real dollars were used to buy other stocks. Some of the real dollars went somewhere else - to the IRS, to buy a house or an SUV, into a piggy bank, into the money market.

For the people who did not buy or sell stocks, the money went to money heaven. It was just paper wealth. Some of the people with paper wealth borrowed real dollars using the paper wealth as collateral, and some of them didn't.

If the money never existed, was it a hallucination?
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