Okay I'm glad to see that it's not something you espouse yourself necessarily, but rather a phenomena that central bankers believe in and thus act accordingly t

Okay I'm glad to see that it's not something you espouse yourself necessarily, but rather a phenomena that central bankers believe in and thus act accordingly to. Macro stuff is weird and generally wrong IMO but I didn't go through any formal economics. That might make me more qualified or less, depending on your point of view. At any rate thanks for helping me understand the NAIRU rather than just calling me an idiot. I agree completely that the macro environment is hugely influential. Saving and frugality are beneficial at one interest rate or naive and foolish at another. It's really strange how the "common sense" idea that you shouldn't spend money you don't have is 100% true at 10% interest but only about 5% true at 1% interest. Especially with inflation at a couple percent.