▲ 189 ▼ The economy (thelemmy.club) submitted 1 year ago by DancingBear@midwest.social to c/showerthoughts@sh.itjust.works 26 comments fedilink hide all child comments If you divided all the stocks issued in the US stock markets by issue number and put them in a basket, chose one randomly, there is an 87% chance that that specific stock belongs to someone in the top 10% of wealth in the country. There’s either millions or billions of stocks in existence, but this is still true.
[–] memfree@piefed.social 32 points 1 year ago (6 children) Reminds me of this site (which offers no answers): https://wtfhappenedin1971.com/ permalink fedilink source hideshow 6 child comments replies: [–] rImITywR@lemmy.world 12 points 1 year ago (1 child) Might have something to do with it permalink fedilink source parent hideshow 1 child comment replies: [+] metoosalem@feddit.org 9 points 1 year ago* (last edited 11 months ago) [deleted] permalink fedilink source parent [–] Lojcs@piefed.social 12 points 1 year ago* that took a turn: permalink fedilink source parent [–] fibojoly@sh.itjust.works 10 points 1 year ago (1 child) Fascinating, thank you. And the answer seems to be "no more gold standard" and apparently that was Nixon's decision? permalink fedilink source parent hideshow 1 child comment replies: [–] ChilledPeppers@lemmy.dbzer0.com 6 points 1 year ago It is nixon and reagan economics, the gold standard doesn't have much to do with it. permalink fedilink source parent [–] DancingBear@midwest.social [S] 3 points 1 year ago Damn permalink fedilink source parent
[–] rImITywR@lemmy.world 12 points 1 year ago (1 child) Might have something to do with it permalink fedilink source parent hideshow 1 child comment replies: [+] metoosalem@feddit.org 9 points 1 year ago* (last edited 11 months ago) [deleted] permalink fedilink source parent
[+] metoosalem@feddit.org 9 points 1 year ago* (last edited 11 months ago) [deleted] permalink fedilink source parent
[–] fibojoly@sh.itjust.works 10 points 1 year ago (1 child) Fascinating, thank you. And the answer seems to be "no more gold standard" and apparently that was Nixon's decision? permalink fedilink source parent hideshow 1 child comment replies: [–] ChilledPeppers@lemmy.dbzer0.com 6 points 1 year ago It is nixon and reagan economics, the gold standard doesn't have much to do with it. permalink fedilink source parent
[–] ChilledPeppers@lemmy.dbzer0.com 6 points 1 year ago It is nixon and reagan economics, the gold standard doesn't have much to do with it. permalink fedilink source parent