Somebody needs to go back to Econ class

Posted by $ blarman 9 years, 6 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.

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  • Posted by $ blarman 9 years, 6 months ago in reply to this comment.
    "Mr. Summers was a top economics adviser for the Obama administration..."

    Seriously? Well THAT explains a lot.
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  • Posted by ObjectiveAnalyst 9 years, 6 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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