3 ms·
The escape from the paradox of thrift is to create things now that will be valuable in the future (durable goods, or education), or to lend money to people who
by hopler 8y ago
The escape from the paradox of thrift is to create things now that will be valuable in the future (durable goods, or education), or to lend money to people who need things now (aka investing). (Or give money away for that's but that's economically equivalent to lending, in a general sense.)