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The Economy: Bad Ideas Gone Badder PDF Print
Written by Mike Vardy   
Wednesday, 22 October 2008

TeeI promised myself that I wouldn’t delve in too deep into the current economic “crisis” that is gripping the globe, but frankly, I can see there’s a lot of interest in the topic…and where there’s interest, there’s money to be had.


During this inconvenient situation, I’ve made note of several ideas that are being put out there that not only go against everything Eventualizm and EffTD stands for, but simply don’t make long-term sense.  I’ve gathered three of these for your consideration:

 

1.  Downsize your living space

 

Well, first off, some people are up and moving out of their homes altogether.  This simply isn’t wise.  If money is an issue, head over to the banks that just received $700 billion plus of your eventual tax dollars and ask for some.  They should be more than willing to help you out.  If not, simply camp out in their halls until they eventually do.  That’s what they did in DC, after all - and it eventually worked.

 

Others are taking more drastic measures, and giving up on the homes they do own and moving into 100 square foot (or less) living spaces.  Eventualizm cannot thrive in small spaces.  You need numerous places to keep your stuff, and a tiny shed just isn’t big enough.  I mean, how many of us have lost things in our sheds?  While one designer has pointed out an advantage that I can get behind (re:  Mrs. Vardy), the rest of it creates a sense of too much “well, I’m living simple” instead of “I’m simply living well.”

 

2.  Shift away from capitalism

 

Okay.  That’ll never happen.  Nice try, though.

 

3.  Shying away from credit cards

 

Credit is the ultimate eventualistic financial tool, next to stocks.  With stocks, investing will yield eventual results; with credit cards, you will eventually have to pay for your stuff.  But not right away.  Some will argue that Mastercards should be “mastered” - I say what the name suggests is that the card is the master.  Credit cards trump cash every time, I mean they are cards, right?  I’ve never heard of the term “trump cash” - have you?

 

We also know that low interest rates generally mean they are of low interest to us as a society, but cash has no interest rate at all unless it’s invested.  Do you really want to invest right now?

 

Yeah, that’s what I thought.

 

Now go buy yourself something nice.


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