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Yes, one can't exist without the other, but economically speaking, it's impossible to consume your way to prosperity. You must increase productivity, and this i
by missedthecue 7y ago
Yes, one can't exist without the other, but economically speaking, it's impossible to consume your way to prosperity. You must increase productivity, and this is done through investment.
We tried consuming our way to prosperity during the housing bubble in the early 2000s. That turned out how you might expect.