Comments on: Perfection Guaranteed

By: Money Hacks Carnival No. 26: Old Money Edition | Pecuniarities

Money Hacks Carnival No. 26: Old Money Edition | Pecuniarities — Sun, 25 Jan 2009 23:51:23 +0000

[...] Livingalmostlarge presents Perfection Guaranteed. [...]

By: Livingalmostlarge

Livingalmostlarge — Wed, 13 Aug 2008 15:56:01 +0000

Long term it might be better. However short term there would likely be a lot of pain.

By: Abigail

Abigail — Wed, 13 Aug 2008 05:54:41 +0000

I agree with those two. There are enough necessities in life that plenty of businesses would survive. And, as the Great Depression proved, entertainment is always a priority for the American public.

I think people have bought into the hype that if we don’t spend whenever possible, the economy will implode. But really, it’s just that when the economy isn’t doing well, people spend less. It’s cause vs effect.

By: Jim ~ mydebtblog.com

Jim ~ mydebtblog.com — Wed, 13 Aug 2008 02:43:37 +0000

I don’t think the US would fall apart at all. If people prosper and control their money, they would be able to spend more, not less. I believe you would see more productivity and more spending, without concern for credit or debt. The only reason certain industries still exist today is because people don’t learn from the mistakes others make. If we teach future generations the basics of handling money, like don’t spend more than you earn, we will see a generational shift over time.

By: Kristy

Kristy — Tue, 12 Aug 2008 16:30:21 +0000

I don’t think it will ever happen either. People want things and don’t think clearly about the long term financial impact. The US has a negative savings rate, so it doesn’t look good.

By: Ashley @ Wide Open Wallet

Ashley @ Wide Open Wallet — Tue, 12 Aug 2008 15:13:31 +0000

The media and advertising agencies would have to get on board.