Real Patriots Don't Spend

The lesson from the financial crisis? Our frugal founding values actually make sense

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For nearly 3 million years of human history, saving and investment was a dumb idea. We hunted, we gathered, we consumed, and we moved on to greener pastures. Only when migrating tribes learned to settle down and farm did they need to save and plan, storing seeds and surpluses to tide them over from season to season. We've had 10,000 years to absorb the truth that cultures that don't value THRIFT ultimately flame out and die. Apparently that isn't long enough to learn the lesson.

Judging from tales about the rise and fall of empires, there is always a point when...

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