* What’s good for fantasy baseball is good for America

March 21, 2010

Interesting piece by Les Leopold on BigJournalism.com

Let me put this in stark terms than even the most financially challenged fantasy baseball owner can understand: What happens when there’s a strike or lockout?  Yep, it’s good by fantasy baseball. All of our wonderful fantasy teams turn into……toxic assets with no value!

And the entire fantasy baseball economy comes crashing down as well – no stat services, no books (including one that I wrote and lost during the last baseball strike.  Unfortunately, there was no TARP program to bail me out.)

So when housing prices leveled out it was as if the major leagues went on strike. But fantasy finance is just a bit more potent than our cherished pastime. When it crashed, it led very quickly to a global economic meltdown. The big boys on Wall Street play with a lot more chips.

So next time you’re tempted to blame Obama or Goldman Sachs or Greenspan for the crash, think also of those deranged lads who gave birth to fantasy baseball some 30 years ago at La Rotisserie Française in New York. (My note: the link leads to a Vanity Fair Q&A with George Okrent, one of the founders of Rotisserie Baseball.)

Like George Baily in It’s A Wonderful Life, FB touches so many lives…

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Tagged as: economy, Fantasy Basbeall

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