Yep, dollars chasing dollars in an ever rising spiral of a service economy is a great way to go. NOT
For the real question becomes who's really in the economic driver's seat and where we are heading as an economy.
Lets see, the dollar now is down to less than a eighth its value in what it was in the 50's. Just loverly for those that are in debt, not so good for those to whom that debt may be owed buying those goods.
Anyone one laying aside that penny and loaning it out against future need and financial independance would indeed be a fool such conditions.
Interesting direction leading to a dependant society rooted in service rather that substantive production looks to be the principle trend to me.
Yep, dollars chasing dollars in an ever rising spiral of a service economy is a great way to go. NOTYou'll have to explain why my service income is bad while your manufacturing (I'm assuming) income is better.
Yes, the government spends too much.
Lets see, the dollar now is down to less than a eighth its value in what it was in the 50's. Just loverly for those that are in debt, not so good for those to whom that debt may be owed buying those goods.
Yes, inflation sucks. I guess you shouldn't hold onto paper dollars then. Try investing them in something that earns a real (that's adjusted for inflation) return.
Anyone one laying aside that penny and loaning it out against future need and financial independance would indeed be a fool such conditions.
That's why you want to earn interest or dividends on your money.
Yes, the savings rate has dropped. We must be poor. Unless you look at our household net worth. Then you'd see that we're not so poor.