It does. But consumption drives much more growth.

Ben Le Fort

Feb 22, 2019·1 min read

It does. But consumption drives much more growth. 70% of U.S GDP is from consumer spending (consumption).

Ben Le Fort

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

…depends on whether individuals can manage their own money better than banks can manage it for them. Moreover, investing drives major economic growth. Corporations are able to grow, in part because of investors, and that’s due even given the fact tha…

It also depends on whether individuals can manage their own money better than banks can manage it…

Daniel Goldman

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Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire