Wednesday, March 9, 2011

From Brent


Now for the more serious economic and political implications.

Not spending more than you have is hard when the government’s inflows and outflows are much more uncertain than the typical households.

And, saving for the inevitable emergencies is hard when you 1) operate on a cash-in cash-out basis with a strictly annual budget, and 2) are forbidden from saving in the same sense that most households understand it.

1 comment:

  1. How are they forbidden? (Not in a smirky, you don't know what you're talking about kind of way, just in a "just wondering" kind of way)