Friday, June 10, 2016

Too much and too little at the same time – die economists!

Experts on the economy tell us that there isn’t enough spending and too much savings and stimulus is needed to create aggregate demand.

They also tell us there is an imbalance in the world.  That China has too little consumption (spending) and too much savings which has led to over investment and the US has too much consumption (spending) and too little savings which has led to under investment.

Which is it?  I cannot describe my contempt for economists.

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