Paradox of Thrift
PBS NewsHour 4/15/2009 The Paradox of Thrift Length: 6:31 With the US savings rate quickly rising, some worry that the economy could be further damaged by the shift away from consumption. It's a debate that last raged during the Great Depression, when the English economist John Maynard Keynes coined a phrase again in vogue, "the paradox of thrift."
PBS NewsHour 4/15/2009 The Paradox of Thrift Length: 6:31 With the US savings rate quickly rising, some worry that the economy could be further damaged by the shift away from consumption. It's a debate that last raged during the Great Depression, when the English economist John Maynard Keynes coined a phrase again in vogue, "the paradox of thrift."