The Paradox of Thrift
Posted in Macroeconomics on Jan 27th, 2009
A central tenet of Keynesian economics is that when any one individual saves instead of consumes, that there is no net saving in an economy.
Homines libenter quod volunt credunt
Posted in Macroeconomics on Jan 27th, 2009
A central tenet of Keynesian economics is that when any one individual saves instead of consumes, that there is no net saving in an economy.