tag:blogger.com,1999:blog-12371420.post112037968119647325..comments2024-01-02T03:39:02.595-05:00Comments on Econo-Girl: Good Article From ReutersEcono-Girlhttp://www.blogger.com/profile/06710293494850428244noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12371420.post-1120443790581942052005-07-03T22:23:00.000-04:002005-07-03T22:23:00.000-04:00I know I *SHOULD* save, but spending seems to be m...I know I *SHOULD* save, but spending seems to be more fun. <BR/><BR/>My grandfather talked with me about the depression. But after taking my finance major classes, something hit me like a ton of bricks. <BR/><BR/>The depression totally KILLED capitalism as it was known in the time between the Industrial Revolution and The Depression. And the Industrial Revolution killed Adam Smith's vision of classical economics. <BR/><BR/>So, the lessons learned in the depression might even apply anymore. Yea, you should save and stuff - but unless you were rich in the 1920s there was no way you could have saved enough. Same today, if something really huge hits, savings will quickly dwindle.<BR/><BR/>I think that the system as we know it today will also collapse and evolve. It has done it before after all.The Lazy Iguanahttps://www.blogger.com/profile/12826083852416577162noreply@blogger.com