Tag: Consumption

Production followed by Consumption builds character. Consumption followed by Production builds resentment. The former is what we call saving, the latter, indebtedness. This is why fiat is cancer and Bitcoin fixes things.

by Jimmy Song
Production followed by Consumption builds character.
Consumption followed by Production builds resentment.

The former is what we call saving, the latter, indebtedness.
This is why fiat is cancer and #Bitcoin fixes things.

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Senator @SenTinaSmith is wrong. Spending does not drive economic growth. Economic growth, which results from savings, investment, and production, drives consumption. Too bad neither Powell nor @stevenmnuchin1 understands economics either or they would have corrected her mistake.

by Peter Schiff
Senator @SenTinaSmith is wrong. Spending does not drive economic growth. Economic growth, which results from savings, investment, and production, drives consumption. Too bad neither Powell nor @stevenmnuchin1 understands economics either or they would have corrected her mistake.

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