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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (51437)1/25/2006 7:04:10 PM
From: Mike Johnston  Read Replies (1) of 110194
 
and lived in a place where incomes have risen sharply over the years due to sharply rising levels of productivity

What you call rising levels of productivity is simply more money being shuffled.

I can transfer $100.000 between accounts, with the press of a button on my computer, just as easily as i can transfer $1000. If i transfer 100K, does that make me 100 times more productive than if i transfer 1K ?

If a real estate agent sells a house that has doubled in price, does the higher sale price make this agent twice as productive ?
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