The "Leachism" called Defensive Spending means... Question 29 options: Buying asset growing items whenever possible - autos and boats Being careful when spending money, especially with items that are not "needs." Spending to keep the local economy going - eating out, taking vacations. It helps local merchants in a defensive, declining economy. Investing in government bonds, rather than common stocks (equity investments), which have more risk--defensive spending on a defensive investment type. Defensive Spending has nothing to do with personal economics, like personal budgeting and spending