The True Measure of Investment Success
We all want to become wealthier over time. The guaranteed method for doing this is hugely unpopular. It requires deferred gratification.
Spending less than you earn on an after-tax basis seems almost un-American these days.
Almost all government programs and stimulus initiatives have been geared towards transferring money from prudent savers to recipients who will spend their checks immediately. Economists’ theoretical economic multiplier effect depends on this.
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