Thursday, July 9, 2009

Retirement Saving: Soon Mandatory?

How to Destroy An Economy 101

"President Obama wants more of us to save for retirement, but does his plan to legislate automatic enrollment add up?"

Someone in the Administration should study Keynes's, "Paradox of Thrift."

1 comment:

googleheim said...

What they are facing is the paradox of paradox of thrift.

Why do the Chinese, Japanese, and Germans all have high savings and better economies if not better standards of living ?

All their savings rates are very high.

We need to save but only if it will keep the dollar strong. If we save and the dollar is weak, then there is something else going on in the system that is rigged.