We often have a tendency to regard the economy as a machine that is beyond the control of mere mortals like ourselves. We see it as something that is bigger than society, and something that our decisions and the responsibility that we take upon selves as we live our lives has no significant bearing on.
Unfortunately this is a dangerous and shortsighted outlook to have. While it may be true that the economy is like a machine, it’s a machine that’s made up of people, the money that they earn and spend, and the decisions that they make. The fiscal soundness with which we live our lives represents the grease in the cogs of the economy, and therefore determine how smoothly it is able to run.