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The Donnybrook
Friday, November 28, 2008
 
Consumption Economics

I'm not at all convinced that Americans will learn that constantly spending more than you make (and not saving, either) is unsustainable, but the bursting of economic bubbles and the difficult economic times ahead may help.
So many people bet on their houses continuing to appreciate that they stopped saving altogether and pulled out equity.
What need is less emphasis on getting stuff and more on planning ahead.
Simplify. Live within your means.



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