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> But spending is not automatically good. Productive spending and productive investment are good. Wasteful consumption, speculation, and forced risk-taking are
by dennis_jeeves2 5mo ago
> But spending is not automatically good. Productive spending and productive investment are good. Wasteful consumption, speculation, and forced risk-taking are not.
That is indeed a great distinction that you have pointed out.
- donaldjbiden 5mo agoI think it's good to remember neither saving nor spending is the goal. The goal is productive real activity. Money is a means to get there.