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by inigyou 8 days ago
No, money and value have been decorrelated for a long time. At least 5 years and arguably since Reagan.
1 comments

Like it was so correlated back in 1600? Under the Romans? But perhaps you just mean that the increased financialization of the US economy means that the percentage of economic wealth devoted to actions without value is increasing? Sort of a modern trajectory to 1789 with the foppish nobles not realizing how much everyone else can get along without them?