I should be sleeping right now, but I woke up a tiny bit and started thinking about how the Cheney crowd is robbing us of our dreams of a society that helps care for its people. I woke up more, thinking, "Throw them in prison! Lock 'em up!!!" Before long, I knew -- I might as well just get into a hot bath. Where I eventually started thinking about where the hell all this money is.
Now, I'm not an economist, and I hope this isn't really stupid, but it seems to me that most capital is virtual. How much is your home worth? How much is your stock -- if you have any -- worth? As we know from our basic Econ classes, it's only worth what someone is willing to pay for it. But in the case of our homes, as long as we can manage to hold on to them and live in them, it doesn't necessarily matter how much the home is worth on paper -- it matters that we have a place to live. More below...
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