[lbo-talk] getting back to Brooks...

c b cb31450 at gmail.com
Fri Apr 9 08:50:12 PDT 2010


Also, we don't know what definition of income is being used. What if it includes capital gains on housing (and it's during the bubble years)? Then it's totally useless.

SA

^^^^^^^ CB: Has anybody yet answered the question of where value goes when it vanishes ? Doesn't that violate the first law of thermodynamics or something ?



More information about the lbo-talk mailing list