If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars' worth of something that might have been immediately consumed, but wasn't.
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Nationality: American Type: Journalist Born: 1878 Death: 1954 |
“John Kerry was officially endorsed by Dick Gephardt, and Kerry said, 'What did I ever do to you?'”
“When you truly give up trying to be whole through others, you end up receiving what you always wanted from others.”