The Paradox of Thrift

The Paradox of Thrift

by Josiah Smith -
Number of replies: 3

The paradox of thrift is the idea that saving money is beneficial for an individual, but when everyone saves it hurts the economy. 

In reply to Josiah Smith

Re: The Paradox of Thrift

by Grayson Kenner -
This is one solid sentence that sums up the video and proves it wrong at the same time.
In reply to Josiah Smith

Re: The Paradox of Thrift

by Alyssa Blasius -
This is a good summary of what most people observe of the paradox of thrift. That saving is good, except when too many save. It is ultimately not going to do much to the extent of drastically hurting the economy when many people save. Saving puts more wealth in more people's pockets, can influence lower prices for goods and services, therefore encouraging those savers to spend their smaller budget.
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