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All of these mistakes freeze investment in productive capacity tomorrow and consumption today.
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Finance gushed into property and consumption rather than productive investment.
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C. were marked by much heavier consumption for this intensely productive person being taken away from production.
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And if the productive economy of the mind flourishes, consumption of existing and future housing stock will surely take care of itself.
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In truth, the flight to the real signaled a rush to consumption (housing is consumption) at the expense of the productive economy.
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In flat-tax countries, taxpayers in the highest brackets move from consumption or tax-sheltered investments to more productive, taxable investments.
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They also funnel money into investment, rather than consumption, as PAYGO plans do, which, by making the economy more productive, can help ease the burden of paying for retired workers.
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