Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (101854)	2/23/2005 3:57:14 PM
From: carranza2	Respond to of 793725

But our "economic growth" depends heavily on people buying new stuff and trashing old stuff. Economists are terrified of frugality. Not really. Frugality creates capital which leads to investments, jobs, productivity, lower prices, competition, and growth, all of which economists adore. It's why we hear so much carping about our lousy savings rate, which is in my opinion a bugbear since, as I appreciate it, the manner in which most measures of the national savings rate work do not take into account IRAs and 401(k) contributions. Other measures of wealth--increased value of financial and real estate assets--are also not measured depending on who is doing the counting. It's a slippery slope, not one which is easily understood. changewave.com businessweek.com