Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A central tenet of economics:
Investment is foregone consumption.
In plain English - we have to give up spending to have something to save.
Simple.
Investment is foregone consumption.
In plain English - we have to give up spending to have something to save.
Simple.
Even more plain: we prefer to use our stuff for longterm production instead of momentary consumption.
Eat less grain now and plant more crops so we can feed more people next year.
Central bankers make for bad farmers.
