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If people see precarious economic conditions, they tend to save more. By having a semblance of a safety net, they're hopefully able to continue similar consumpt
by ianleeclark 7y ago
If people see precarious economic conditions, they tend to save more. By having a semblance of a safety net, they're hopefully able to continue similar consumption habits. It's likely that the supply shock were seeing today will die down in a few weeks, which is when this would start to help.