Austerity is where you leave within your means. When you do it by choice, you're in control. When you are forced to do it because you've been borrowing and spending everything as soon as you get it, it can be a disaster.
Its not frugality that's bad. Reckless behavior that destroys investment in future productivity - that's what's bad.
To verify this, save as much as you can for a decade. Note that you have money to buy what bankrupt individuals must sell at a loss. You are better off BECAUSE of your austerity.
There is no reason to believe that economics works ass backwards for a group than it does for the individuals in the group.
Economics is fractal. Prosperous individuals make a prosperous country and a more prosperous world. Pursuing poverty never will.
Austerity is where you leave within your means. When you do it by choice, you're in control. When you are forced to do it because you've been borrowing and spending everything as soon as you get it, it can be a disaster.
Its not frugality that's bad. Reckless behavior that destroys investment in future productivity - that's what's bad.
To verify this, save as much as you can for a decade. Note that you have money to buy what bankrupt individuals must sell at a loss. You are better off BECAUSE of your austerity.
There is no reason to believe that economics works ass backwards for a group than it does for the individuals in the group.
Economics is fractal. Prosperous individuals make a prosperous country and a more prosperous world. Pursuing poverty never will.