mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Based on information that I have absorbed over my lifetime of trying to understand American economics, this is how I see it.
As consumers, it is our job, no, our requirement, to spend at breakneck speed. Our economy requires it. Debt is part of the fabric of our economic system ever since the Fed got involved in 1913. Savings has no (little?) place in the formula. The economy as a whole does not care about our personal interests. You spend; they profit. This is how the American economy works.
Am I wrong?
As consumers, it is our job, no, our requirement, to spend at breakneck speed. Our economy requires it. Debt is part of the fabric of our economic system ever since the Fed got involved in 1913. Savings has no (little?) place in the formula. The economy as a whole does not care about our personal interests. You spend; they profit. This is how the American economy works.
Am I wrong?