*That $50 billion is likely to turn out to be not the amount lost but the amount... | Hacker News

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gaius on Jan 1, 2009 | parent | context | favorite | on: Was whole economy a Ponzi scheme?

That $50 billion is likely to turn out to be not the amount lost but the amount people wrongly thought they had.

'Zackly.

noonespecial on Jan 1, 2009 [–]

Money and wealth turned out not to be the same thing after all. You can create money by scribbling marks on little pieces of paper. Creating wealth turned out to be much, much harder.

Seems like every time they forget this, we eventually have a "correction".

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