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You seem to believe that saving is a virtue, that you get what you pay for, that interest rates have a natural level much higher than zero, and in 'diminishing
by glazyrin 6y ago
You seem to believe that saving is a virtue, that you get what you pay for, that interest rates have a natural level much higher than zero, and in 'diminishing returns'. I accept that you and many other people believe in those things, but I don't think they are universally believed in, not particularly supported by evidence.
- imtringued 6y agoSaving isn't a virtue. You need a healthy balance between savings and spending. The economy is like a power grid. You cannot save labor. Any work that is currently done has to be consumed within a short time frame. Food rots. Technology gets obsolete.