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To: arthurus
consumer spending is not an improvement in the economy

It could be. That would involve spending on made-in-USA goods. It would also have to be spending that isn't debt-driven.

You brought up consumer saving, which builds the economy for the long term. Near-zero interest rates are a disincentive to saving. What's the point of putting off a purchase until it can be afforded if the money in the bank isn't growing and if the seller is offering very low or no interest on loans to buy stuff for the first few months?

13 posted on 06/01/2016 4:46:51 AM PDT by grania
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To: grania

Saving is the only economy builder. That doesn’t mean that saving is sensible to the income earner if there are no incentives and money in the bank is actually at risk of confiscation.


16 posted on 06/01/2016 5:10:53 AM PDT by arthurus (Het is waar. Tutti i liberali soli o feccia.)
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To: grania

Building economy without debt requires savings.
Building economy with sensibly provided debt requires savings, no matter where the goods are made or by whom.


17 posted on 06/01/2016 5:12:40 AM PDT by arthurus (Het is waar. Tutti i liberali soli o feccia.)
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