Thursday, April 30, 2009

U.S. Financial Policy

The United States has a philosophy of spending and not producing. The current manner of estimating GDP is inaccurate. Part of it is based on spending. Spending is not producing. Production comes from actually manufacturing or organizing a product that someone can in turn buy. We have been increasingly depending on consumerism to sustain our economy and not actually producing anything. It is time to start selling American goods abroad instead of importing all of our wares and sending our hard earned money offshore.

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