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The Non-Paradox of Inactivity
The Paradox of Thrift states: If everyone tries to save more money during times of recession, then aggregate demand will fall and will in turn lower total savings in the population because of the...
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Why America’s new love affair with saving is not great economic news
This data from Gallup shows that the 2008 recession transformed America’s relationship with money. In 2006, before the recession, 55 percent of Americans saw themselves are savers, and 45 percent saw...
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