Monday, November 5, 2007

Can lower consumer confidence be good?

Consumer confidence dropped last month. This is used as an indicator of where the economy could be headed, and is often used as a doom 'n gloom type of threat from economists. But as the Bru Notes points out to us, lower consumer confidence can be a good thing in the long run. You only have to take a look at the state of the planet to see where this constant consumption has gotten us. While it may sound good, in terms of maintaining domestic stability and keeping our jobs, it can have devastating effects in other areas.

To quote Tyler Durden, "I see all this potential, and I see squandering. God damn it, an entire generation pumping gas, waiting tables; slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need."

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