Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by s73v3r_ on Wednesday May 09, 2018 @01:08PM
(#17031577)
"I find 0 of those good."
I'm sure you do. But the chef who makes their living cooking food doesn't. The person who makes their living running tours doesn't. And the people employed by both definitely don't.
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by jonknee on Wednesday May 09, 2018 @12:55PM
(#17031431)
Consumer spending is what keeps everyone employed. Even in Silicon Valley because who do you think is buying all the ads?
> Upgrading your car when you dont need to is wreckless spending.
But that's what creates the used car market, which is much bigger than the new car market. When people stop buying new cars it means tons of layoffs, which means tons of reduced spending by all the previously employed auto workers, which means more businesses lay people off, etc etc.
I find 0 of those good. Upgrading your car when you dont need to is wreckless spending. Maybe the Economy changes to become more conservative and less environmentally damaging.
Going out to eat + vacations are unnecessary expenses. And btw, I completely doubt people are going to stop doing those 3.