Quote:
Originally Posted by stemseed
not so simple when our monetary system is based on debt. the debt is always increasing, yes spending less money we have is good in theory but no so good/easy in practice.
maybe for the individual though...
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The smartest talking heads are at the Federal Reserve Bank. Unfortunately, they are a very biased opinion group. Before they became paid insiders they would have said one thing, now they say what the boss tells them to say.
Anyway, the talking heads say we need to "spend more" or we will fuel a recession. I believe this advise is nuts. We need to start saving a little more and paying down consumer debt.
Getting a little production back into the USA would be nice, also. Oh, how can we reduce gasoline prices? Stop buying so much gas. Supply and demand will work for the consumer, and lower the pump price.