08-25-2011, 05:48 PM
|
|
|
Too lazy to set a custom title
Industry Role:
Join Date: Nov 2006
Posts: 10,166
|
Quote:
Originally Posted by woj
yes, I would even say that with each new law / regulation / etc... the sum gets smaller, as new inefficiencies get introduced...
lets take Socks mom's for example: "I guess they had to refinance them by law"
So because of that new law, lets say his mom gained $500/month, investor lost $500/month, net sum = 0
BUT, to make the refinance process happen, probably 10 different people had to be involved in it... no productive work was accomplished, these people just wasted their time... it was just as productive as digging ditches, and then next day filling them back up...  |
the people that destroyed the global economy for the rest of this generations lives never dug ditches as well. your comparison sucks. |
|
|