Society grows through investment. This comes either through capital inflow or consumption, and honestly success of the US lies in the “consumption.” It’s the thing that brought so much convenience and material well-being to our lives. So “consume and be happy” is unironically true. In as much as the entire concept of money is purely intersubjective we should shape it for societal good.
Again, you won’t lose real value if you keep your money invested (and for example do TIPS if you want low risk).
> Society grows through investment. This comes either through capital inflow or consumption
Society grows through production. People invest their time and effort in the first place, not money. Consumption is the final non-efficient cause of production. The efficient cause is savings, which represent unconsumed goods and values. Consumption is the end of production, a dead end, as far as the productive process is concerned.
Does a rotting apple steal itself from you? Maybe you should think about eating it before it spoils? Ever thought about how human labor cannot be stored and money is basically a labor coupon via debt? Alternatively, if you truly insist on maintaining value, then you should try to buy the most durable good you can get your hands on because human labor spoils very quickly during unemployment.
>You will be forced to consume. And you will be happy.
That's literally how the damn economy works. If you don't want to buy anything or save in real assets then why the hell did you work for the money? Have you thought about working less instead of piling up green pieces of paper? Money that is saved cannot be earned by other people, it's that simple. It doesn't drive investment or business activity, it's just dead money doing nothing.
Oh so savings is dead money doing nothing? How about you make something that is worthwhile to invest in? How about we save up to produce capital goods instead of fueling consumption for no reason?
The main purpose of money is saving. That's hard to do since they steal it from you if you do that.
Keynesian economics has done so much damage to people and the world.
Every other time Warren Buffett has tried to dip his hands into energy it is solely to profit-monger on the backs of state and local governments. Shouldn't expect this project to be any different
They're building a demonstration plant that won't even be coming online for another 7 years. Surely there a simpler ways to shake down local governments.
This post stinks of some weird prejudice against Warren Buffet. Any businessperson that sells goods and services to state and local governments would expect to make a profit in doing so. Do you have a specific complaint about Buffett's business practices?
That’s the kind of claim you need to back up with examples and citations. True or false it just sounds like slander when you throw it out there in a thread like this without any sources.
Governments are inextricably involved in the energy sector.
Would you demonstrate the falsifiability of your claim by describing a different energy investor that has not sought to benefit on the backs of state and local governments? It would certainly help me to understand your point.
They have a maximum capacity of a few billion dollars in the fund. Every year they return the money they made so the fund stays the same size. Strategies don't scale indefinitely
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