Virtual Economy Booms; Real Economy Busts


The future world reserve currency?

Second Life may know something we don't, if this morning's report from the disconcertingly-titled Manolith is any indication.

It appears the economy of Second Life has surpassed that of the real world by a large margin, as the real-world recession fails to penetrate the confines of the Metaverse. Investors wiped out by the subprime mortgage scandals may want to pay attention.

The mad scientists at Linden Lab report stunning growth in the virtual world, with Linden – and real – Dollars flying out of wallets to the tune of $50 million per month.

That makes the locked-up credit markets of developed nations seem flimsy by comparison, with high interest rates choking real-world borrowing. Read on to learn how virtual economies are evading the real-world financial fallout.

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