Economy Apr 05 Why Saving for a Rainy Day is Pointless — For the Economy By examining history, economic historian James "Against Thrift" Livingston says the sacrifice of saving for a rainy day -- of foregoing present consumption on behalf of future growth -- could be potentially destructive of the general welfare. And he says…
Economy Apr 05 Why Saving for a Rainy Day is Pointless — For the Economy By James Livingston By examining history, economic historian James "Against Thrift" Livingston says the sacrifice of saving for a rainy day -- of foregoing present consumption on behalf of future growth -- could be potentially destructive of the general welfare.
Economy Mar 06 The Nonsense of Austerity John Maynard Keynes, pictured above in 1942, overturned the ideas of neoclassical economics, advocating that fiscal and economic policy should be used to curb the adverse effects of economic recessions. Photo by Tim Gidal/Picture Post/Getty Images. A note from Paul…
Economy Mar 06 The Nonsense of Austerity By James Livingston John Maynard Keynes, pictured above in 1942, overturned the ideas of neoclassical economics, advocating that fiscal and economic policy should be used to curb the adverse effects of economic recessions. Photo by Tim Gidal/Picture Post/Getty Images. A…