No Quick Fix

Maybe someday
Save by zero
I'll be more together
--The Fixx

I wanted to highlight one of Mr P's many sage points from this missive. Higher standard of living comes from improved productivity (more output per unit of input). Improved productivity comes from investment, or abstaining from consumption today so that resources can be allocated toward productivity projects.

As such, critical to improved standard of living is saving and capital formation.

Our current approach, more debt and increased spending, is leading us in the opposite direction. A direction pointed toward squalor.