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To: GourmetDan

“We are under the false impression that denominating the same quantity of assets in ever-increasing numbers of fiat currency means that we are getting ‘wealthier’”

But we are better off now than we were 70 years ago wouldn’t you say?


32 posted on 04/17/2011 7:38:10 PM PDT by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
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To: Christian Engineer Mass
"But we are better off now than we were 70 years ago wouldn’t you say?"

Is materialism your god or are you referring to the fact that we are not currently involved in a world war?

34 posted on 04/17/2011 7:44:17 PM PDT by GourmetDan (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left.)
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To: Christian Engineer Mass
"But we are better off now than we were 70 years ago wouldn’t you say?"

A better question is whether or not we're better off than we were in 1971 when Nixon dropped the gold standard. I'd say the answer is an unqualified 'no' at this point, especially for the bottom 90%.






42 posted on 04/17/2011 8:41:21 PM PDT by CowboyJay
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