If you’re on Twitter, post your answer there and include the #ifelected hashtag. I’ve got a few in there already, but it’d be more fun if somebody else was playing with me! Make it funny, serious and/or insightful… just don’t be bland. (And make sure you’re following hashtag on Twitter if you want yours included in their index.)

Anybody who’s trying to get a handle on the current economic free-for-all should check out The Real Great Depression, which does a great job explaining how the depression of 1873 mostly happened because too many banks approved too many bad mortgages in the commercial real estate sector, and so it’s a better analog to what we’re seeing today.

More generally, the Ludwig von Mises Institute put together a collection of articles to help you understand the bailout and everything related to it (Freddie Mac, short-selling, etc.). Lew Rockwell put together a similar collection of “I told you so” articles.

I just ran the numbers, and sheesh! When I started working full-time as a web designer, my beginning salary was $25k/yr. At the time, gold was trading at $280US/oz., so if I’d been paid in gold, I would have been working for 89.29oz/yr.

Fast-forward to November 2007: the U.S. Dollar has become so devalued (primarily due to the never-ending Federal Reserve printing presses—we’ve got to fund the troops somehow, and that somehow is by printing more FR notes) that if we take that hypothetical “gold-standard salary” and convert it into today’s U.S. Dollar, you end up with $71,500/yr.

Let me say that again: $25,000 in May 2000 equals $71,500 in November 2007.

Somehow those raises don’t seem so much like raises anymore.