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jcranberry
on March 16, 2022
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US Federal Reserve raises interest rates for first...
You think retirees are keeping all their savings in cash in their mattresses or something?
0xB31B1B
on March 16, 2022
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The point is, the things that make the economy work and grow is the production of things. Regardless of how many investments a retired person has, they by definition do not produce things.
throwawayboise
on March 16, 2022
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You need to have consumers to make production worth something. Retirees are consumers. It's basically all they do.
stickfigure
on March 16, 2022
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This is a variant of the broken windows fallacy:
https://en.wikipedia.org/wiki/Parable_of_the_broken_window
jcranberry
on March 16, 2022
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You need investment to produce things and consumers to buy produced things.
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