Post
Topic
Board Economics
Re: A generation spends money, a lifetime pays it back.
by
JunaidAzizi
on 22/11/2024, 17:53:14 UTC
The essence of modern economics can be summed up in two words: borrowing money. One generation spends, and the next spends a lifetime paying it back.
This economic system will revolve around our generation, just as we inherited it from our ancestors, who, in turn, received it from theirs. The reason is that we are trapped in this system, and we are only paying the interest while our loan remains unpaid. We know that we can't afford to repay it all at once, and they benefit from it. One generation secures its present while destroying the future of the next generation. Similarly, that generation also takes loans to repay the debts inherited from their ancestors, and the system continues in this manner. The solution is to spend less, avoid unnecessary expenses, and control our spending. The less you spend and utilize, the more beneficial it will be for your future generations. Every person should follow this approach, which will lead to a stable economic condition.