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>>>I wasn't aware that poverty was always a matter of choice.

Poverty is not always a matter of choice, but spending what you have earned should be.

>>>But the bulk of what occurs in the market adds little directly to economic growth - and that primarily through what is called the 'wealth effect

This money could not be spent by consumers only invested. The extra money circulating throught the economy would cause economic expansion by increasing employment, lowering interest rates, increasing home ownership ...
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