Low interest rates are teaching Westerners what Russians have known for ages: saving is stupid. Standard of living will catch up with Russia
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Replying to @YossiKreinin @ivanassen
There is saving for “winter” and there is a money system that is not sound. Different problems
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Replying to @Dom3D @ivanassen
You think the Russians don't save for winter because their money system is historically incredibly sound?
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Replying to @YossiKreinin
What's your statement? saving is stupid or saving money is stupid?
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Replying to @Dom3D
More like "saving is smart when they don't take your savings away as ZIRP+inflation do", & "without savers, we're fucked"
3:46 AM - 24 Sep 2016
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