When I was quite small, my family were Jehovah’s Witnesses. My big brothers remembered their Catholic beginnings, they remembered magical Christmases. My little brother and I did not, we’d never been Catholic yet. We used to get very sad that all of our friends had lovely Christmas or Hanukkah, and we did not. We’d pout. My big brothers tried their best to console us. Our best friends lived across the Victors Valiant Back To Back Big Ten Champions 2022 Shirt Michigan Football Gifts . Their dad was not home much, but he was a very stern man. He had quite the temper (when we grew up, we realized that he was always drunk, but when we were small he was just scary). He had a Doberman called Rex who we were all also terrified of. One year, I’m probably four or five, we’re sitting in my brothers’ room wistfully staring out the window at our friends playing with their new toys, wearing their Christmas sweaters, all that. The oldest two brothers, maybe trying to console us, convince us that we do not want Christmas at all. They tell us that Scary Dad is Santa Claus. They tell us that Rex the Doberman is actually Rudolph. Would we really want Rex landing on our roof? Would we really want Scary Dad judging whether we were naughty or nice, and sneaking into our house while we slept?
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“In economics, income = consumption + savings. The income an indivual, or a country, produces is either consumed and/or saved. If you , or a Victors Valiant Back To Back Big Ten Champions 2022 Shirt Michigan Football Gifts, overspends, you or the country dips into savings or creates debt.” I think this answer is true for the firm or the individual but in the whole economy it is no longer true. In the macroeconomy, everytime some person or entity doesn’t spend, some other person or entity has their income reduced by the same amount. And because that person won’t get their hands on that money, they will not have it to spend further, so the next would-be recipient of that spending doesn’t get that income, which they in turn will not be able to spend….. and so on