Saturday, February 20, 2010
The evils of thrift
I'm not convinced by a long shot, but interesting points are raised in this paper which should be chewed on.
The basic argument is about how people not spending money results in the economy freezing up and people suffering. Still, I'd rather eat at the diner than at Babbo.
HT to y combinator.
The basic argument is about how people not spending money results in the economy freezing up and people suffering. Still, I'd rather eat at the diner than at Babbo.
HT to y combinator.
Labels: economics
