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Stimulus, Consumption, and Charity

Political Animal found this 11/26/2008 on WWW.samefacts.com

Macroeconomics does funny things to morality. In a recession, saving your pennies harms the economy. Many these days quote Keynes' "paradox of thrift," and rightly so. Each of us, by virtuously delaying gratification, harms the economy as a whole. We'd all do better if we collectively acted ...