Post
Topic
Board Economics
Re: A generation spends money, a lifetime pays it back.
by
Onyeeze
on 27/11/2024, 12:46:17 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.
spending money and you also any money is what is sacrosanct in life provided that the world is still running you will not expect first generation second generation and the third generation to act the same way that the first and second and third Generations and as I stated that both may not be the problem of economic problem now but in future generation will it cost more harm and the most spending in future, so that is why I said that spending is constant because this life will have different categories of people and the way you plan yourself is the way that you're going to leave your life so that is what I want us to understand at this moment