Why would you assume I would think people loosing money was good? I just said that the post you made was proving his point. The bad go out of business, the strong survive.
NOW...that happens on a small scale every day, restaurant has bad food, it goes under...one makes a heat steak, it survives. Sometimes it happens on a much larger scale (like the S&L crisis or a huge wealth boom) but there are billions of dollars being made every day. There are big wins and big losses.
If you look at the 10 years surrounding the S&L cruising, HUGE wealth was created in this country and yes, that scandal lost 100 billion for people, and thats not fun for them, but as a whole, the nation prospered.
If I told you US citizens became richer to the tune of 10 trillion dollars that decade, you'd say it was fruitful, no? Of COURSE there are losses, but the losses are FAR outweighed by the gains.
Time to head to dinner, I'll teach you more tomorrow, JK
I like a good debate