Economists [Who] Are Still Hooked on the Myth that Saving Is Bad for the Economy [Still Do Not Understand Economics]

Posted by Pecuniology 5 years ago to Economics
5 comments | Share | Flag

So, being buried under a crushing mountain of debt is bad, and living below one's means is bad.

That's pretty much the ostensive definition of clinical depression: Everything is bad.
SOURCE URL: https://mises.org/power-market/economists-are-still-hooked-myth-saving-bad-economy


Add Comment

FORMATTING HELP

All Comments Hide marked as read Mark all as read

  • Posted by exceller 5 years ago
    Feeling good is offensive to the liberal left because it indicates you are enjoying life when you should be commiserating with fellow communists who never had a good day in their lives.

    Look what their agenda is: offended 24/7 by anything and everything that is not coming out of their PC channel, still feel miserable over things happened a 100 years ago (or they pretend they do), dub everyone a racist who does not subscribe to climate change, "whites running away from us", being born white, refuse to hate Trump...the list goes on.

    Misery is their life form.

    Saving is against the Keynesian belief of how the economy works. Never mind it has not been proven correct.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by 5 years ago
      A century ago, H.L. Mencken railed against neo-puritans, who harbored "the haunting fear that someone, somewhere, may be happy.”

      Today, the neo-puritans are leftists.

      Your best defense against their mindrot it is to live life as joyously as you can and mock them, mock them again, and mock them some more.
      Reply | Mark as read | Parent | Best of... | Permalink  

FORMATTING HELP

  • Comment hidden. Undo