The Over Investment Problem

As economists, we can't say whether that's good or bad or right or wrong. But at least as an offshoot, you get a lot more consumption in the future than you otherwise would have. The problem is X and T, they're unhappy now with their expected future course of consumption over time. That's suboptimal that gives them less utility than a different trajectory. It's kind of like Mao's greed leap forward if you're familiar with that.