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Investment is what produces more wealth in the long run, and all investment is foregone consumption. If you buy less coffee but invest in a coffee maker, eventu
by conanbatt 9y ago
Investment is what produces more wealth in the long run, and all investment is foregone consumption. If you buy less coffee but invest in a coffee maker, eventually, more coffee will be made in total, which is the real riches of a society.
Saving is paramount to growth in the classic economic model.