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Yea, that's the conversation among academic economic paper, but not among normal people. It's unfortunate that the accepted dogma is that the economy can be man
by jonathan-adly 5y ago
Yea, that's the conversation among academic economic paper, but not among normal people. It's unfortunate that the accepted dogma is that the economy can be managed optimally by making savings unattractive.
There is down-stream effects from the population becoming high-time preference. Spending might go up (thus stimulating the economy), but so would be a lot of undesirable behaviors.