Letters from Linden
by JACK LINDEN
We hear a lot about government spending these days and little about either saving or investment. We need to get our senses together and differentiate between spending and investment. It seems to me that spending is that which is expended on what and where we are and investment is in how we live.
This is not to say that how we live does not depend on where we live and what we do but where and what is not everything. Too many people see spending on how we live as where we need to cut government expenditures. They are perfectly willing to spend on items such as roads, airplanes, weaponry and buildings. Those items do not speak directly to how we live.


