03-23-2008, 09:42 PM
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Moderator
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Join Date: Oct 2007
Location: small town in the Northwest- population 400 (+2)
Posts: 4,397
Thanks: 2,072
Thanked 1,146 Times in 816 Posts
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Re: Happy Easter to all.
Quote:
Originally Posted by mlurp
I'm mlurp and am saying hi to each member. Darn a newbie again.  |
Hiya, mlurp !
Welcome to a new wrinkler!
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 Consumption is indeed important in a free economy: particularly the freedom of consumers to buy their goods in unhampered markets. However, key to long-term economic growth is investment (savings), which is the opposite of consumption. Public policies that promote consumption — such as low interest rates — do so at the expense of savings. Less savings means less investments; an economy that does not save or invest will consume all of its resources and eventually end up bankrupt.-David Saied
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