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Monday, May 18, 2009

Irrational Exuberance to Irrational Desperation in 60 Seconds

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We don't know about you, but we have had enough with whole frugality thing that our whole country is in. Oh my god, can we do without one more article about how to make one chicken into three meals, how we can have all kind of fun doing free things like taking a walk in the park ? How many walks in the park can one possibly take anyway?

Now, we have nothing against taking a walk in the park, or cutting back for that matter. The economy still sucks, people are losing jobs--that much is clear. But all this cut back is DEPRESSING! Not to mention, if everyone stops spending, we'll have a serious stagflation problem. Look at what happened to the Japanese--their economy has stood still since the 80s.

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stagflation–noun

an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.

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While we don't encourage living beyond our means, we think everyone should spend a little, if they still can. No, we don't advocate spending your rent check on a pair of Pierre Hardy shoes, but if you can still afford it, and if you really, really want it--why not?

Buy less, but buy quality. Eat out less, but eat well. Spend less, but spend wisely.

And yes, do take that walk in the park, but in some cute shoes... You'll feel much better.

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