Tags: Oxford Essays In JurisprudenceUsing Internet Geology Term PapersProblem Solving Logical ReasoningEssay Concluding Paragraph StructureMatlab Homework SolutionsBusiness DissertationDiversity Scholarship Essay
The second kind is capable of indefinite extension: there are not only those who give orders but those who give advice as to what orders should be given.
As long as a man spends his income he puts just as much bread into people’s mouths in spending as he takes out of other people’s mouths in earning.
The real villain, from this point of view, is the man who saves.
The net result of the man’s economical habits is to increase the armed forces of the State to which he lends his savings.
Obviously it would be better if he spent the money, even if he spent it on drink or gambling.
The man who invests his savings in a concern that goes bankrupt is, therefore, injuring others as well as himself.
Good Schools For Creative Writing - Essay In Idleness Summary
If he spent his money, say, in giving parties for his friends, they (we may hope) would get pleasure, and so would all those on whom he spent money, such as the butcher, the baker, and the bootlegger.
But, I shall be told, the case is quite different when savings are invested in industrial enterprises.
When such enterprises succeed and produce something useful this may be conceded.
I hope that after reading the following pages the leaders of the Y. If this argument were valid, it would only be necessary for us all to be idle in order that we should all have our mouths full of bread.
What people who say such things forget is that what a man earns he usually spends, and in spending he gives employment.