economics102 blogspot.com

Ecomonics 102

Monday, October 6, 2008. Things become assets when market participants ascribe value when trading. It doesnt matter whether it is a gold nugget found by someone in a mountain stream or a piece of paper featuring George Washingtons image. Assets do not define value, but value defines assets. Assets are only carriers of value. What leads to closed system thinking is the notion that quantity of value is limited to the quantity of so-called real assets. Cheap debt capital inveigles financial gold rushe.
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EuroYank The Blog

Friday, August 6, 2010. Consumer spending, on which Obama is betting to stimulate the economy, actually fell. None of the stimulus money was sent. The stimulus package was a total and complete failure.

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Ecomonics 102

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Monday, October 6, 2008. Things become assets when market participants ascribe value when trading. It doesnt matter whether it is a gold nugget found by someone in a mountain stream or a piece of paper featuring George Washingtons image. Assets do not define value, but value defines assets. Assets are only carriers of value. What leads to closed system thinking is the notion that quantity of value is limited to the quantity of so-called real assets. Cheap debt capital inveigles financial gold rushe.

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This web page economics102.blogspot.com states the following, "Monday, October 6, 2008." We saw that the webpage said " Things become assets when market participants ascribe value when trading." It also said " It doesnt matter whether it is a gold nugget found by someone in a mountain stream or a piece of paper featuring George Washingtons image. Assets do not define value, but value defines assets. Assets are only carriers of value. What leads to closed system thinking is the notion that quantity of value is limited to the quantity of so-called real assets. Cheap debt capital inveigles financial gold rushe."

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