TINSTAAFL: There is no such thing as a free lunch


Peter Schiff understands the consequences of unsustainable consumption and reliance on an unsustainable economy. The other pundits on CNBC’s Fast Money arguing with Schiff don’t seem to understand the consequences of unsustainable economics, the consequences of investing real assets into imaginary assets, or the consequences of the second law of thermodynamics and increasing entropy within a closed system. One guy argues that the economy can evolve beyond reliance on bricks and mortar, but we will always need bricks and mortar from nature in order to produce our goods. As a result, we should use these bricks and mortar wisely; otherwise, they become too expensive and the economy suffers. Furthermore, Americans have become so habituated to consuming cheap goods that we’ve become ignorant to the fact that there is no such thing as a free lunch. Ultimately, we must get back to saving.

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