> Instead, we should be promoting savings, and the preservation of resources, as well as the creation of capital. Production and consumption are both necessary

> Instead, we should be promoting savings, and the preservation of resources, as well as the creation of capital. Production and consumption are both necessary. If you don't save and invest then production capacity will decline and there will be less available to consume in the future; but on the other hand if you don't consume then all that production capacity goes to waste and you derive no benefit from saving and investing. The balance is the critical aspect. Both policies which promote over-consumption at the expense of saving and policies which encourage over-investment at the expense of consumption miss the mark and destroy value by moving the economy away from the optimum balance.