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<blockquote data-quote="Stocker Steve" data-source="post: 1618976" data-attributes="member: 1715"><p>So we run underground power and NG and sewer and storm water, pave the street, put up a big house for a small family, and perhaps add an in ground pool with a cabana. Nice. Could git r done for only a mil at 3.5% APR. All this counts to GNP, but, how important is this? Is this spending going to generate any future benefits? Do the GNP counters have a clue? </p><p></p><p>Borrowing lots of money at low rates to buy things that you don't need is booming consumption, not a booming economy.</p><p></p><p>More specifically - - value is what is important. I value things that keep generating returns rather than just maintenance bills. Think what you could do with a mil worth of polywire? :cowboy: Could cross fence a small state...</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 1618976, member: 1715"] So we run underground power and NG and sewer and storm water, pave the street, put up a big house for a small family, and perhaps add an in ground pool with a cabana. Nice. Could git r done for only a mil at 3.5% APR. All this counts to GNP, but, how important is this? Is this spending going to generate any future benefits? Do the GNP counters have a clue? Borrowing lots of money at low rates to buy things that you don't need is booming consumption, not a booming economy. More specifically - - value is what is important. I value things that keep generating returns rather than just maintenance bills. Think what you could do with a mil worth of polywire? :cowboy: Could cross fence a small state... [/QUOTE]
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