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Absolutely. Also hilarious to me when a bunch of economists start whining about "stingy consumers" when inflation numbers aren't ticking up as much as the cent
by graedus 9y ago
Absolutely. Also hilarious to me when a bunch of economists start whining about "stingy consumers" when inflation numbers aren't ticking up as much as the central bank hoped for. Meanwhile over half of Americans don't have enough savings to cover a $500 emergency car repair[0], but apparently they need to stop being so stingy and get out spend more to help the economy.
[0] http://www.cbsnews.com/news/most-americans-cant-handle-a-500-surprise-bill/ http://www.cbsnews.com/news/most-americans-cant-handle-a-500...
- Armisael16 9y agoThat's a pretty willful misrepresentation of his position. He acknowledges that many people don't have any savings; and makes it pretty clear that he isn't talking about them.