Tünnif and other unlikely musings
Thursday, September 4, 2014
Joseph E. Stiglitz on the wealth of lower and middle classes
... much of the wealth of the bottom and the middle, resting on the value of their homes, was phantom wealth—based on bubble housing prices...
(from
"
The Price of Inequality: How Today's Divided Society Endangers Our Future" by - Joseph E. Stiglitz
)
Cute cottage in Husum, Germany
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