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> Any time not spent consuming or creating is bad for the economy. Haha, this might be an economic "spherical cow". Realistically, we can't be consuming/creati
by indigochill 6y ago
> Any time not spent consuming or creating is bad for the economy.
Haha, this might be an economic "spherical cow". Realistically, we can't be consuming/creating all the time. People need downtime (you can't argue time spent sleeping is bad for the economy when people cease functioning when they get sleep-deprived enough).
- LadyCailin 6y agoWell, the other confounding factor is that the economy only cares about this quarter. Or, even more precisely, it only cares about the change in stock prices, not their absolute value. Every day, the stock price needs to continue to trend upwards, or it has no value, even if the company is itself immensely profitable or otherwise useful.
- indymike 6y agoLeisure time is consumed, too. The mattress industry would love to help you sleep better, etc...