An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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.
1 comment:
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.
Post a Comment