tag:blogger.com,1999:blog-7581614926672563071.post1566886662931317204..comments2023-03-30T04:37:22.283-07:00Comments on The Savvy, The Extreme & The Idealist: Thrifty is Niftythe beige onehttp://www.blogger.com/profile/07942559613808788504noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7581614926672563071.post-30907083171048962652009-05-11T11:37:00.000-07:002009-05-11T11:37:00.000-07:00The Economy’s a circulatory system. The healthy f...The Economy’s a circulatory system. The healthy flow of money to and fro, is what’s key to that rising tide lifting all boats. Lack of Government Oversight and Regulation (especially from 2001-2008), allowed money to pool in too few places (see: Wall Street, Oil Barons, etc), damaging everyone and everything.<br /><br />So the Economists are right to say that, in the short term, getting money flowing through the system is necessary. They’re also right to say that Americans suddenly discovering thrift hasn’t helped matters, but they would also say that’s the irony. Because saving is a habit We The People should have picked up during the good years, not now that its bad. Just as we need our fellow Americans to spend, they’re hoarding (saving) because they’ve been burned or afraid they’re going to be. (Job losses are still supposed to tick up until 2010).<br /><br />So what Americans are doing is completely justifiable behavior, but the Economists are right to say it’s not helping, right now.admiralmpjhttps://www.blogger.com/profile/07965848974833063684noreply@blogger.comtag:blogger.com,1999:blog-7581614926672563071.post-24792239199189682592009-05-10T16:45:00.000-07:002009-05-10T16:45:00.000-07:00Oh how I detest the I-need-stuff driven American!Oh how I detest the I-need-stuff driven American!Erin O'Brienhttps://www.blogger.com/profile/09089592061725346901noreply@blogger.com