Somebody needs to go back to Econ class - Galt's Gulch

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Somebody needs to go back to Econ class

Posted by blarman 9 years, 5 months ago to Business

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You can't have too little spending. That's a complete myth. Savings form the backbone for investment and are what make the banking industry work. This author is an utter moron. or just a Keynesian. Same difference to me.

SOURCE URL: http://www.businessweek.com/articles/2014-10-27/is-america-saving-too-much-and-spending-too-little?campaign_id=DN102814

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Posted by ObjectiveAnalyst 9 years, 5 months ago

Right. This is nonsense. Unless you are hiding your money in your mattress it is the necessary capital that fuels the economy. Ref: Mr. Summers was a top economics adviser for the Obama administration... how's that been working so far?

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  Posted by blarman 9 years, 5 months ago
  
  "Mr. Summers was a top economics adviser for the Obama administration..."
  
  Seriously? Well THAT explains a lot.
  
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