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> When you find yourself challenging the basis of nearly all economic theories Keynesian economic theories. And look at where they have gotten us today. Saving
by MordinSolus 14y ago
> When you find yourself challenging the basis of nearly all economic theories
Keynesian economic theories. And look at where they have gotten us today. Saving is a good thing, despite what many economists say.
- prodigal_erik 14y agoNot always. Saving means I'm foregoing some consumption today in favor of undetermined consumption tomorrow. If everyone saves too much, we aren't taking full advantage of our production capacity today (because we don't know yet what they will want, and it may be perishable anyway). It's like traffic, rush hour is bad because everyone waited rather than using the highway when it was idle mid-day.
- adgar2 14y agoSaving is a good thing. Never spending is a bad thing. My parent poster was questioning the latter. Not the former.