Ask yourself: can you consume your way to prosperity? Of course not. So how can a society do so? Greater consumption is the effect not the cause of economic growth, yet this is so contrary to conventional wisdom that you can read newspapers and watch news programs for months without seeing this truth expressed. FULL ARTICLE
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1 comment so far ↓
This is right on point. What we need is not more spending and more debt. We need more savings and more production. Any stimulus they’re talking about is doing the former and preventing the latter.
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