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> So are you recommending to invest savings on stocks and bonds rather than a house? I don't think he is saying that. As an individual it may be better to inve
by huherto 10y ago
> So are you recommending to invest savings on stocks and bonds rather than a house?
I don't think he is saying that. As an individual it may be better to invest in the house. Depending on many individual factors. e.g. Capital gains, timeframe, etc.
What I think he is saying is that collectively it is better for society that more people invest in productive activities that generate new wealth.
- rsync 10y ago"What I think he is saying is that collectively it is better for society that more people invest in productive activities that generate new wealth." It's incredible that we've gone this deep into thread and subthread talking about aggregate economic benefits and not once mentioned families and children. Never mind the plants you're buying at the nursery - what is the long range economic impact, in the aggregate, of creating additional human beings ? (which, according to many, works best in a stable environment of ownership)