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To: Maurice Winn who wrote (21051)	7/10/2002 5:51:56 AM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 74559

Hi Maurice: >>Also, what's the definition of consumption? ... How about buying a house, which isn't used to produce income, it might be just to live in.<< The purchase of goods that depreciate - iow are of a durable nature - cant be called consumption. It's investment, capital expenditure, anything but consumption. Whatever the reason for acquiring it. >>If I was unable to borrow to fund consumption, ... I'd have had to keep cash on the side, which is of course borrowing - cash is just a debt...<< Huh?! If you could not borrow, you would need to have cash... - whose cash? - If it's your own cash, it's called savings. And if it's not - even if you 'keep it on the side' - it's borrowed money. By the look of it - "Cash is just a debt" - the NZ weather is not particularly friendly to saving. btw, I know your position: savings is uninteresting ... takes the capital out of the hands of people, who are building the future of this planet. Supposedly. dj