Spending Your Way Out of a Recession

I know people were talking about this a few months ago but finally I found some common sense. By a bank of all things.

Earlier this year, I saw people interviewed on the TV and they said things like:

I'm spending our way out of the recession

Yeah, it [the recession] is not affecting me. I just keep spending

And I would think "wow, these people have no idea".

Trying to Change the World One Person at a Time

Sometimes, changing the world one person at a time can work but pretending that your spending will help us get out of the recession is a bit silly.

The amount of money that you are in control of is such a tiny fraction of what is required, you'd need the whole world to think and act similarly.

Instead, you should be worried about your future, have an emergency fund and be a little more sensible with your money.

Because you never know what's down the road.

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Inserted: 2009-06-18 22:57 (1 year, 1 month ago)