<Well, it's not so much economics as psychology, IMO. If you think you have the winning lottery ticket, but you're off by one number, were you ever rich?>
That's the point... when you walk to class, they're in the same building <ng> All economic tenants hang on psychology.
So you can't say wealth isn't created or wiped out by ups and downs in the market... it all depends on the participants and their actions. More importantly, there is certainly redistribution.... Winnick has 1/2 a billion in his account and thousands of retirement accounts have a billion less... and meanwhile there are fiber laying ships, fiber, buildings, servers, swithes, etc. to the tune of 1/2 a billion on the auction block.
DAK |
