Keynes smiles from heaven.
October 26, 2011 11:37 AM Subscribe
It seems counterintuitive but the cure for the ailing economy is for goverment and private individuals to shop, shop, shop!
I always found it interesting that during the boom times, we were all happily shopping away, whether we can afford it or not. Many people get into debt thinking that a thriving economy will bail them out if they get in trouble.
Yet, when times get hard, even if we have some discretionary money laying around, we hesitate to spend it. As though spending the money flouts the gods and tempts them to smite us.
Sure, it makes sense to conserve if there's a shortage, but if your personal, economic situation hasn't changed all that much, is it a bad thing to stimulate the economy a bit?
I always found it interesting that during the boom times, we were all happily shopping away, whether we can afford it or not. Many people get into debt thinking that a thriving economy will bail them out if they get in trouble.
Yet, when times get hard, even if we have some discretionary money laying around, we hesitate to spend it. As though spending the money flouts the gods and tempts them to smite us.
Sure, it makes sense to conserve if there's a shortage, but if your personal, economic situation hasn't changed all that much, is it a bad thing to stimulate the economy a bit?
This post was deleted for the following reason: Your whole more-inside bit here reads like a personal blog post, not a metafilter post. You need to avoid personalized framing like this for posts to the front page. -- cortex
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goverment and private individualsthe rich people who are hoarding all the money to shop, shop, shop!posted by Faint of Butt at 11:39 AM on October 26, 2011