To: fredericbastiat1
Most corporations have gone Liberal. To drive short term profits (which is all Wall Street cares about), they want people to spend^3 and go into debt up to their eyeballs. People who are good citizens and actually SAVE are the enemy. That is one reason why savings have been dis-incentivized. They also don't care where the $$ comes from that gets spent. It is all the same to them whether it comes from a real job or a some Government handout. I think once upon a time, they used to care, but no longer. Anything to get more consumers consuming is good. Even if they have to be imported by the millions and put on the dole, financed with deficit spending.
23 posted on
04/16/2015 10:32:15 AM PDT by
rbg81
To: rbg81
People who are good citizens and actually SAVE are the enemy. That is one reason why savings have been dis-incentivized.That is a result of Keynesian economics which is the dominant school across the globe. Unfortunately, it's mostly wrong.
Keynesians insist that consumption drives the economy and that savings is a withdrawal from the spending stream. It's nonsense, of course. Money we save then becomes part of the pool of loanable funds which are then borrowed and spent by someone else.
45 posted on
04/16/2015 11:41:03 AM PDT by
BfloGuy
( Even the opponents of Socialism are dominated by socialist ideas.)
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