My point is that investment is not inherently good.
Do you also mean to be saying that it’s not good on average, in expectation. Or just that it’s not always, necessarily good?
The latter. We can have high confidence that investment is good on average. And so is consumption.
Do you also mean to be saying that it’s not good on average, in expectation. Or just that it’s not always, necessarily good?
The latter. We can have high confidence that investment is good on average. And so is consumption.