> But spending is not automatically good. Productive spending and productive investment are good. Wasteful consumption, speculation, and forced risk-taking are not. That is indeed a great distinction that you have pointed out.
> But spending is not automatically good. Productive spending and productive investment are good. Wasteful consumption, speculation, and forced risk-taking are not. That is indeed a great distinction that you have pointed out.
I think it's good to remember neither saving nor spending is the goal. The goal is productive real activity. Money is a means to get there.