Even 30 years ago today’s headlines would have been laughed at.
Here’s a novel old fashioned idea— dont spend more money than you take in. Apply that across the board and we would all collectively be in much better financial health.
Just another day in Bizarroland.
Things that would have been laughed at 50 years ago are today's realities.
Believe it or not, this has been US policy since the Keynesian revolution in economic thought in the 1930s. FDR wanted to increase inflation so that savings would be converted into current consumption.
Watch https://www.youtube.com/watch?v=JUvm9UgJBtg if you want to see how easily Americans could be duped into believing ridiculous nonsense in the 1930s. That people actually believed this is demonstrated by fact that Americans re-elected FDR over and over.
Only the masses think that savings is good. The elites understand and believe Keynes. Even Republican elites say, "We're all Keynesians now."
It makes sense but for the opposite reason. The people are saving because the economy is bad rather than the economy is bad because people are saving.