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Economics in one 30' lesson

People end up in debt usually because they don’t wanna work hard - first. They’d rather have it now and work harder, - later.
I totally get the quote, and even put a like on it. I like it, and will show it to my wife later on tonight. so the following is just a historical perspective...

In thec19th century US expansion into homesteading the West, Americans saw plenty of people go into debt. These wonderful people worked hard before, during, and after their debt. Some escaped with prosperity. Many fell victim to natural disasters, the railroads, or Eastern bankers. Many folks see "The Wizard of Oz" more as a social commentary of the time period than children's novel. Other novels like "The Octopus" expressed the reality of an ever expanded railroad monopoly eating up the little guy and all of his hard work.

@andrew , I promise I will watch the video, but have been extremely busy lately. It seems like it is saying our micro decisions need to be as responsible as possible realizing that the macro realities that we have no control over will have less impact in the long run if we are diligent.
 
I haven’t watched the video. Frankly, I haven’t been here much lately at all due to life’s demands. I will though. I am really enjoyed the book ‘Principles’ though - so much so that I listened to it first on Audible then bought the Kindle version to so I could read it too. I don’t agree with everything the man says, and it certainly isn’t written from a Christian perspective, but I still really appreciate a lot of what he said. Frankly, it is one of the top books of that nature that I have read.
 
Good basic introduction in a straightforward presentation over a reasonable amount of time.

I’ve watched it now, and I totally agree. I’ll be sharing this with others. Thanks Andrew.
 
I am also thoroughly enjoying the book (with the usual disclaimers, etc, etc—isn’t it funny the way we do that? ;)), and have already been thinking about re-reading it. Audible might be the perfect way to do that! :cool:
 
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