Daily Article:
Tuesday, November 18, 2008
by
Doug French
Yes, the current economics brain trust is worried that consumers will collectively show the good sense to delay purchases, pay down debt, and increase their savings. After all, this liquidation of malinvestments will likely take a while. The prudent thing to do in times of uncertainty is not to ramp up debt and spend money you don't have.
But now, all of a sudden, "saving" is a dirty word.
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Daily Article:
Tuesday, November 18, 2008
by
Mark Thornton
There is more talk about another stimulus package to help save the economy. A package that includes extended unemployment benefits, food stamps, and another tax rebate check will pass in a forthcoming lame duck session of Congress. All of these remedies actually make the patient sicker, but there is a way for Washington to really stimulate the economy.
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