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Thank you, people don't acknowledge that simple point of logic often enough -- debt is a mindset. Really what we need is a culture of saving, but a part of me
by asdfman123 7y ago
Thank you, people don't acknowledge that simple point of logic often enough -- debt is a mindset.
Really what we need is a culture of saving, but a part of me feels that many people in our culture find that extremely difficult because billions of dollars are spend every year on propaganda designed to try to get us to spend more (read: advertising).
- colechristensen 7y agoFor an economy, too much saving is as much a problem as too much debt. We're all just paying each other to do things and acquiring capital just to have it past the point where you need it kills jobs and concentrates wealth away from people less fortunate.