Published Friday, March 23, 2007 by Gene Callahan
All around us, every day, people consume far more than they need to survive, therefore saving far less than they could. Yet, writes Gene Callahan, we all know that saving is the road to wealth. Why don't top Wall Street traders live in tiny shacks, eat canned beans, and ride old bicycles to the train station? Why do movie stars go on mad shopping sprees and stay at fabulous vacation resorts? Shouldn't they live as paupers in order to save every penny they can? Humans can only consume in the present. It is our present dissatisfactions that call out for relief.
(Original Text)
As Time Goes By: The Factor of Time in Human Action (3.57 MB)