Posted by: The Elephant Owner in Economics on August 10th, 2011

It may seem strange, but buying cheap Chinese goods may be good for us. Why? Because spending less money are the garbage that comes out of that country leaves us more money for the more important (and more expensive) things in life.

The number one purchase made by Americans is their home. This purchase also works as a stable investment for later years. If we spend less money on the crap that accumulates in our garage, we can afford a much larger garage.

It may not seem like it, but most consumer spending does not go to China. In any given month, most of my outgoing money (after taxes) goes to pay off my mortgage, food and gas.

So don’t worry so much about buying American. Your biggest purchase was assembled right in your back yard…I mean front yard…well…smack dab in the middle between your front yard and your back yard.

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