The Paradox of Global Thrift The easy-money-tighter-fiscal policy (EMTF) mix being pursued globally in 2012–13 with increasing intensity is the classic policy mix for a weaker currency. Easy money ...
Don’t spend more than you make. Don’t buy things you don’t need. Save for a rainy day. If Americans had followed these simple rules over the past decade, there would be no financial crisis, no ...
Ben Franklin said a "penny saved is a penny earned" and called it a virtue. Economic theory suggests that if everyone saves more and spends less - the economy shrinks. This is called the "Paradox of ...
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