A WEALTHY WORLD -- What is wealth? What creates value? What is priceless? Are we living in a time of scarcity or abundance? Are we building careers, lives, legacies that generate wealth for ourselves and others?In the capitalistic system we all occupy and navigate on-the-daily we are presented with a pretty narrow definition of 'wealth'. This defin... See more

The creation of financial assets may redistribute the economy’s wealth, but it does not represent new wealth; a financial asset for one party is a financial liability for another. But what about wealth gains that occur when one’s house, stock portfolio, or derivatives appreciate? The national income accounts ignore such gains, but they could easily

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