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Originally Posted by braisler
The consumer culture of this country is nothing short of incredible. We are actually told that we are not good Americans if we are not listening to advertising and buying up all of the crap that is being offered. I have had people argue with me that we need more consumer spending because it is better for the economy than consumer savings.
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I think we save too little in the US and the savings rate should be a little higher. On the whole, however, I agree that spending is better than saving for the economy.
Oh, and lower taxes. I think the government derives too much of its self-worth from spending my money. I think it should just slow down, smell some roses, and stop spending so much.