4 ms·
Long term savings, productivity increases, and infrastructure investments. Buy less today to have more tomorrow. The us individual hardly saves at all, the US g
by donavanm 1y ago
Long term savings, productivity increases, and infrastructure investments. Buy less today to have more tomorrow. The us individual hardly saves at all, the US gov/society has financed decades of deficit spending n the outcome of ww2, 20th century global industrialization, and the “exorbitant privilege” of financing/coordinating it.
Common opinion is that china has the opposite problem, with massive productivity outputs being shipped overseas and a population base who cant/wont consume their own outputs.