John Hipsley argues that saving is better than spending in an article for bankers on May 7, 2013. He advises bankers to trade now but pay later, while warning consumers that getting excessive credit leads to a downwardly mobile lifestyle. For economists, the dilemma is designing the perfect world in theory but struggling to fund it in practice. The guiding principle of accounting is to carefully crunch the numbers or risk going hungry, while musicians are advised to save now so they can play music later.

1. LOOKING AT LIFE THROUGH A VIVID LENS
“Saving is Better
than Spending”
John Hipsley, California
May 7, 2013

2. Advice to bankers
Trade now
Pay later

3. Consumer Model
First, get all the credit
you can afford
Then, enjoy the life of the
downwardly mobile

4. The Economist’s Dilemma
Designing the
perfect world
Funding the
perfect world

5. All I Really Need to Know I Learned in Kindergarten
Do this…
Get this!

6. The Guiding Precept of Accounting
77,879…77,880….77,881…
Crunch the numbers right …
or lunch on leftovers

7. Advice to Musicians
Save now
Play later