Quote:
Originally posted by Spanky
The key is to put the money into the poor persons hand and get them to invest it. That is the best utilization of the money for everyone involved. If my trust fund cousin spends it on Crystal, not so much help.
|
I think this is the key to much of the economic history of the country and our phenomenal growth. We have relatively well off working people, and often have had a lot of decentralized capital. Thanks to the frontier, the distribution of land in the US in the 19th century was amazingly democratic compared to the rest of the world. To be able to do something like that today!
