Economists [Who] Are Still Hooked on the Myth that Saving Is Bad for the Economy [Still Do Not Understand Economics]
Posted by Pecuniology 5 years, 5 months ago to Economics
So, being buried under a crushing mountain of debt is bad, and living below one's means is bad.
That's pretty much the ostensive definition of clinical depression: Everything is bad.
That's pretty much the ostensive definition of clinical depression: Everything is bad.
Today, the neo-puritans are leftists.
Your best defense against their mindrot it is to live life as joyously as you can and mock them, mock them again, and mock them some more.
Look what their agenda is: offended 24/7 by anything and everything that is not coming out of their PC channel, still feel miserable over things happened a 100 years ago (or they pretend they do), dub everyone a racist who does not subscribe to climate change, "whites running away from us", being born white, refuse to hate Trump...the list goes on.
Misery is their life form.
Saving is against the Keynesian belief of how the economy works. Never mind it has not been proven correct.
This is like saying a few hundred years ago that storing food for the winter is bad for the community and storing too much food for the winter is really bad.