Reconciling The Paradox Of Thrift

Justin Fox has written a truly fine article about the “Paradox of Thrift” and the┬áconundrum that presents right now. Take a look at it. His last paragraph is perfect.

“He’s right. Virtually all economists agree that there is no paradox of thrift in the long run. Saving stimulates investment. Careful stewardship of resources brings prosperity. Frugality is its own reward. Just not right this second.”

more: from Time here is the entire article

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