Read it at Project Syndicate
The Straits of America
by Nouriel Roubini
Paradox of thrift:
Given all of these large and small risks, businesses, consumers, and investors have a strong incentive to wait and do little. The problem, of course, is that when enough people wait and don’t act, they heighten the very risks that they are trying to avoid.
1 comment:
more doom and gloom from an "economist" he never mentions that the government does not need our tax money to spend, nor that we dont need to borrow money from ourselves, but we do have a public debt problem. keep the lie alive,must keep sheeple in line, constantly in fear.
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