Unless one is wealthy there is no use in being a charming fellow. Romance is the privilege of the rich, not the profession of the unemployed. The poor should be practical and prosaic. It is better to have a permanent income than to be fascinating.
Everybody wants a bigger nest egg. Everybody wants to be financially secure. Everybody wants to be wealthy. Sure. And when times get tough, everybody wants it more. And it only seems right that, if there are policies designed to help you get a bigger nest egg, to help you become financially secure, to help you build and maintain wealth, then we ought to embrace those policies and strengthen them, and cultivate them in every way possible.
That's how it seems, for sure.
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| Interest Rates: Up till the 1980s... Down thereafter. |
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| Personal Interest Income relative to GDP: Up till the 1980s... Down thereafter. |
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| Personal Interest Income relative to Compensation of Employees: Up till the 1980s... Down thereafter. |
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| Personal Interest Income relative to Corporate Profits: Up till the 1980s ... Down thereafter. |
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| Personal Interest Income relative to Monetary Interest Paid: Down till the 1980s and down thereafter. |
Personal interest income declines as a share of monetary interest paid, as a rule.
1 comment:
What is Mosler saying?
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