top | item 5385758

(no title)

dnu | 13 years ago

3. it proves that it's better to spend spend spend, than to be a sucker and save

discuss

order

Evbn|13 years ago

It is true, though. Money is currency, not a store of value. Buy durable goods or invest in growth projects. Working to accumulate pure money is just piling IOUs on people. If you do that, you are going to face inflation in the future, which you deserve , because your non-spending took away other people's opportunity to create things of value. (Or, if they produced in excess of demand, then prices will drop in the future, and conpensatory inflation is no problem to you.)