Tuesday, December 23, 2008

The Paradox of Thrift

A great conundrum we all face is that in these crazy economic times, when we feel frightened and not very interested in spending money, yet if we do not, our economy will continue to falter because no one is buying goods and services and therefore companies keep laying folks off.

I found this article in the SF chronicle which does a nice job of explaining the Paradox of Thrift.

Take a read. Do you agree?

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