Oversaving caused the Economic Crisis

According to Keynesian economists, when people save it hurts the economy.  In other words, saving money (for college, for a house, for a car) reduces consumption, which reduces Gross Domestic Product (i.e., national income goes down).

Saving is bad, mmmmk?

Funny, my grandparents told me that saving was good and debt was bad…


Categories: Debt, Government Shenanigans, Uncategorized

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