ECONOMY - 11/02/2022Economy is on the rise when people are hungry. They work hard. They save money. They’re focused on the future. Governments run lean budgets and spend responsibly. They maintain a sound currency.
Once an economy has reached its peak, however, priorities change. Hard work and savings are no longer prioritized social values. Focus turns over to immediate consumption, rather than investing in the future. Debt levels skyrockets. The government spends on loans. Regulations multiply. Prices rise.
Little by little, a nation chips away at the very values and institutions that once a time made them powerful.
Back to hunger again...
