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Absolutely right. I think people miss the point that no matter what wealthy people do--whether spending, saving or investing--that money is active in the econo
by kevin_morrill 16y ago
Absolutely right. I think people miss the point that no matter what wealthy people do--whether spending, saving or investing--that money is active in the economy.
The other thing missing from this guy's write up is that the human mind is at the center of all value creation. It's as if he thinks money is what creates opportunity and if you just distribute it right--good things will happen. Not true.
The cause of our economic plight is a lack of great minds being applied constructively. One of the reasons that's not happening right now, beyond just poor education, is several decades of messed up interest rates sending the wrong economic signals.