Thanks for stopping by - This is a work in progress, so please feel free to jump in with me - any comments, feedback, or participation in the conversation is encouraged! You might want to want to sign up for email updates on the right, or subscribe to my RSS feed. Thanks for visiting!
Glad to have you back - have you considered signing up for email updates on the right, or subscribing to my RSS feed? Thanks for visiting!
Experiencing a recession is great way to force a reassessment of your financial behavior. The Great Depression is famous for shaping a generation of frugal citizens/consumers. Do you feel like you have not been saving enough money? America Saves Week dot Org has a 12 step program for you. Join the craze!
But wait, popular economic theory of the day warns of ‘the Paradox of Thrift‘. What may be good for the individual is not good for the collective. Waxing economical takes place here, here, and here. Is there a moral dilemma here? Is this why we’ve been trained to act as consumers, rather than citizens?
Paul Kasriel has another angle. Debunking the Paradox with some tough love for WSJ contributer Daniel Henninger.