06-12-2008, 03:13 PM
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Join Date: Oct 2007
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Re: Smoking linked to mid-life memory loss: study
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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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