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There's this really weird dichotomy where whats "good for the economy" is often bad for you as an individual, and vice versa.
by BitwiseFool 5y ago
There's this really weird dichotomy where whats "good for the economy" is often bad for you as an individual, and vice versa.
- dnautics 5y agoSure because the people who decide what is "good for the economy" have different interests than pretty much every other individual in it.
- pashamur 5y agoIt’s a real thing: https://en.m.wikipedia.org/wiki/Paradox_of_thrift https://en.m.wikipedia.org/wiki/Paradox_of_thrift You get ahead by saving, but everyone can’t do that all together or the economy collapses.
- dnautics 5y agoIt's a model that makes behavioral assumptions that are provably wrong. The fact that people buy computers despite prices going down contradicts the underlying assumption. There is nothing particularly special about computers among all goods.
- fuzzfactor 5y agoOnly collapse of the consumer economy, which in the first place should never be allowed to rise to enough significance to be much of a show-stopping collapse when it happens.