Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (23660)	10/21/2009 1:13:40 PM
From: gregor_us	2 Recommendations Read Replies (1) \| Respond to of 71407

Well, I very much agree with the whole prestige-authority issue in what you have written as one of my hobby-horses is that US has culture worked itself into a very nasty prestige-performance gap where many who have obtained authority in what appears to be a meritocracy really have little to no talent and skills. This pretty much describes most academics, journalists, policy makers. It describes those who populate the current administration very well, also. But, I would prefer to count all these people when they become unemployed in U-6 just because I prefer the lens of carrying capacity. They are, at the very least, mouths that have to be fed and have often spawned other mouths to be fed. So, they are "there." They have to be counted. But, I think your larger point goes to a pan-overvaluation of everything in the US--from houses to Giffen Good degrees. We are a funny lot, driving around with Princeton and Harvard decals in the rear windows of our cars, and thinking that counts for something. Indeed. G Giffen Good: en.wikipedia.org