t's more important to look successful to your neighbors than it is to actually have any money or productive assets. People in this country are penalized for saving by inflation, an extremely low interest rate due to have the US dollar as a reserve currency, and the government subsidizing debtors by allowing a mortgage interest deduction.
This country needs hyperinflation and a oil at $400 per barrel before any lessons are learned.
Absolutely! Why live in poverty, when you can live in debt?
Anyway, it's gonna suck for our kids that they are gonna be a financial slave to just about every other country if things progress this way.
