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homestead - Re: [Homestead] The "Paradox of Thrift" -frugality & the economy

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  • From: Gene GeRue <genegerue AT ruralize.com>
  • To: Homestead <homestead AT lists.ibiblio.org>
  • Subject: Re: [Homestead] The "Paradox of Thrift" -frugality & the economy
  • Date: Tue, 6 Jan 2009 06:28:21 -0700


On Jan 5, 2009, at 7:54 PM, bobf wrote:

This was just posted tonight in the WSJ. People are starting to become more careful with their finances, but, according to the author, right now, that is bad for the national economy. Obvioisly, the editorial direction at the WSJ would normally be toward savings and thrift. so it is an unusual and interesting article.

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Read your last sentence, Bob. The editorial direction of the WSJ is buy, spend, invest, buy more, spend more, bigger houses, bigger cars, more, more, more!






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