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To: Victor Lazlo who wrote (103685)5/19/2000 10:27:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
Consumer spending only propels the economy ST. LT, it is like a drip, drip, drip of diminishing returns. After all, consumption is just that - cars eventually get junked, clothes wear out, and restaurant meals get digested.

Thus, investment drives real economic growth. Our unprecedented prosperity stems from those investments in the new technologies that result in radical new efficiencies.


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