I Have Mental Grillness ShirtBut with the spending you will increase the production of I Have Mental Grillness Shirt. Either way, in the macroeconomy, “Spending” is what leads to wealth production, “not spending” reduces wealth production and does nothing to increase money saved. That money saved will exist whether used for spending or not. So on either front, if the goal is to increase savings, and increase the net production of wealth, “not spending” is the wrong advice. “Not spending” will not increase the savings that is the preservation of investment, and it will likely not increase the net production of wealth, in fact it is more likely to decrease both. In the macro economy, “not spending” is more likely to have negative effect on the production of wealth and standard of living, than a positive one.
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I would suggest that spending more often than not leads to the Jason Kelce Philadelphia Eagles NFL shirt of wealth, either by paying for goods expected to be sold right away, or in anticipation of sales in the future Either way, for the most part those things sold will not be produced or cared for if someone wasn’t going to buy them. Whether perishable items, most of which help preserve some more durable form of wealth, like human capital, for instance. Or durable forms of wealth are produced that will last beyond the current time period. It is the “spending” that encourages the increased production and preservation of wealth. So whether you spend it or not, in terms of money you will have the same amount of money at the end of the given time period. which we can refer to as savings.
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