# Gavin Andresen
# 2011-04-08 20:23:38
# https://bitcointalk.org/index.php?topic=5573.msg82230#msg82230

@s{quotedtext}
@s{quotedtext}
... only if the investments are in things that don't make us more productive. @p{par}

There are really three categories, in order of desirability: @p{par}

1 Investment in productive activities @p{brk}
2 Savings @p{brk}
3 Investment in non-productive activities @p{par}

The broken window fallacy is confusing categories 1 and 3.