Re:Fed Pledges Top $7.4 Trillion to Ease Frozen Credit
by paddy_m on Monday November 24, 2008 @07:59PM
(#375767)
Another problem is consumers, and investment in general has been made on frivolous things that don't increase are productivity.
I guess the easiest way to explain this is by looking at how people invest their time. We would be better of if the nation invested time in becoming a better worker, learned a skill, fixed things than if the the nation spent that time watching tv, drinking, or destroying things (war).We have spent our money on houses that are bigger than we need, cars that are bigger and less fuel efficient than we need rather than plants that we need, investment in companies building new products, even arguably infrastructure.
I guess the easiest way to explain this is by looking at how people invest their time. We would be better of if the nation invested time in becoming a better worker, learned a skill, fixed things than if the the nation spent that time watching tv, drinking, or destroying things (war).We have spent our money on houses that are bigger than we need, cars that are bigger and less fuel efficient than we need rather than plants that we need, investment in companies building new products, even arguably infrastructure.