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Austerity – Understanding & Practicing It!
10
August
Summary:
Austerity isa very good principle to live by, but it is generally a greatly misunderstood concept, leading to finding faults with those who spend more than what one feels is right. It is not the opposite of ostentation or profligacy. It needs a better understanding of what is involved.
Beautiful article, especially for the younger generation. Love to see your opinion on “Misplaced optimism”.
Misplaced optimism arises from ignorance and over confidence in one’s understanding of the circumstances.