▲ 189 ▼ The economy (thelemmy.club) submitted 11 months 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 11 months 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 11 months ago (1 child) Might have something to do with it permalink fedilink source parent hideshow 1 child comment replies: [+] metoosalem@feddit.org 9 points 11 months ago* (last edited 10 months ago) [deleted] permalink fedilink source parent [–] Lojcs@piefed.social 12 points 11 months ago* that took a turn: permalink fedilink source parent [–] fibojoly@sh.itjust.works 10 points 11 months 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 11 months 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 11 months ago Damn permalink fedilink source parent
[–] rImITywR@lemmy.world 12 points 11 months ago (1 child) Might have something to do with it permalink fedilink source parent hideshow 1 child comment replies: [+] metoosalem@feddit.org 9 points 11 months ago* (last edited 10 months ago) [deleted] permalink fedilink source parent
[+] metoosalem@feddit.org 9 points 11 months ago* (last edited 10 months ago) [deleted] permalink fedilink source parent
[–] fibojoly@sh.itjust.works 10 points 11 months 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 11 months 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 11 months ago It is nixon and reagan economics, the gold standard doesn't have much to do with it. permalink fedilink source parent