RE: Brainwash School of Economics

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Brainwash School of Economics

in economics •  7 years ago 

By the way glad to see your posts again! Welcome back @fmalafaya!

economics
7 years ago by

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      ·  7 years ago 

    Consumerism is fueled by governments printing money endlessly. There are no incentives to save. On the other hand, countless enterprises and projects are being undertaken fueled also by governments printing money, which are no backed by savings that would allow future consumption. When this bubble bursts, it's what everybody calls a recession.
    Thank you for your welcoming words!

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