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DarkCloud
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of Lists
Jul 2000 time: 05:26
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quote: Actually, even if they "squander" of "save" it, they're sitll helping the economy; if they spend it, they've generated revenue for the people they "squandered" it on, and if they save it, they allow the banks to invest it. |
No, because if they keep the money, then they probably won't invest it, fearing things such as bank collapse ,etc in their quaint ways.
They do not have the capital to buy bonds, anyway, and help your government... rich people can buy bonds.
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GeneralTacticus
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of Melbourne, Australia
Dec 2001 time: 15:26
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quote: Actually, most economists argue that a saving money is damaging to the economy. As Galbraith said, te role of a consumer is to consume rather than to invest. Money that is saved is not necessarily invested, neither is money invested by banks necessarily money that has been saved by people. Look at Japan for a real world example, one of the main reasons Japan's economy is so damaged is because the people save their money instead of spending it. |
Well, either investing or spending it is better than keeping it under the bed because you're afraid the bank will fail, no?
quote: It has been said by wiser men than me that the education of the masses is the dumbing down of education. If you educate only the elite, then you can educate them easier, quicker, more thoroughly, cheaper and to a higher standard. However most people prefer the O.K. education of the many above the better education of the few. |
And for good reason.
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