Quote:
Originally Posted by tksensei
If Americans started saving a lot right now the economy would completely tank and take down China and the rest of the world with it. Everything in moderation.
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are you suggesting US is spending in moderation?
excessive spending would only cause another bubble. US must invest in it's future, spending money on products without investing would only widen the import export gap. the textbook economic simply does not account for the complexity of international trade. keynesian works by public investment, not spending, this is the mistake that is being made.