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RE: The Bases of our Economics Are Lost

in #science6 years ago (edited)

Yes, and I pointed out that it is sometimes a more efficient use of resources to own a car.

Every economy is resource based. And so far, capitalism blows away any other economic system in the efficient use of resources. The main economic problem we are facing now is that our monetary units have been compromised. This has all kinds of horrible consequences. Once a stable currency is reintroduced into the economy, things will turn around.

All anyone can do, is to live a sustainable lifestyle. Above all, stay out of debt. Don't carry a balance on any credit card, buy small items with cash. Don't get a loan for a new car, buy a car that you can afford to own outright. Pay for your education as you can afford to pay for it. Don't buy a house, rent until you can buy a house. When you reign in your desires to match your income, things get better.

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