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TOPIC: 20 cent idea vs. $2 idea?
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Created by:
az_couple_69
Original Starting post for this thread: |
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I must have these definitions backwards, since I'm accused of both writing too long of explanations, while also being accused of presenting 20 cent ideas.
In my opinion: A 20 cent idea is something short but wrong, like: If everyone spent less, they could save more. While a $2 idea is more complete and correct, like: One person's spending is another person's income, so if everyone spent less, than everyone's income would go down. Savings is actually the result of an imbalance. One person is able to spend less than they earn, accumulating savings, only because another person is spending more than they earn, going into debt, creating the money the first person is accumulating. Then to make it "real world" I'd add: By making it easier for some to save, Reaganomics widened these imbalances, which is why it was inevitable that it has resulted in debt increasing at 3x the sustainable rate for the last 40 years. The ultimate problem is that as debt/income ratios increase, the debt becomes less stable, and if/when it collapses, as was happening in 2008, it will collapse the entire economy with it.
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Glendale AZ US
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Glendale AZ US
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Lumberton NJ US
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Pensacola FL US
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San Diego CA US
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Glendale AZ US
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San Diego CA US
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TOPIC: 20 cent idea vs. $2 idea?
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