5 ms·
"Earning money (via production) is good for others. Spending it (via consumption) is bad." In the buying-an-iPhone-is-consumption-and-bad spending example, if
by bitxbitxbitcoin 8y ago
"Earning money (via production) is good for others. Spending it (via consumption) is bad."
In the buying-an-iPhone-is-consumption-and-bad spending example, if the iPhone is also used to increase the reach or efficiency of production, does that cancel it out? I like the yacht example better.