The Paradox of Thrift

Re: The Paradox of Thrift

by Alyssa Blasius -
Number of replies: 0
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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