> I have doubts about the idea "spend what you have". It is framing wrongly the problem. Money are not something "you have". Money are "a promise" to get someth

> I have doubts about the idea "spend what you have". It is framing wrongly the problem. Money are not something "you have". Money are "a promise" to get something "in the future". Around the time they switched to that frame, wages decoupled from productivity and what I might call working-class power started to get crushed. It is, and I say this at my most sarcastic, a miracle of modern economics that once we stop trying to measure how much we have in consistent units suddenly resources stop being a problem and big borrowers can just take what they need. Although what I actually think is someone is getting ripped off really badly; I'm just not sure who. Hopefully retirees since I'm not one of them yet.