Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Savings aren't wealth either. They are claims on wealth. Not exercising them now just leads to reduced demand in the present.
by generic on Mon Mar 11th, 2013 at 08:22:12 AM EST
[ Parent ]
Thus we are so sensible, have schooled ourselves to so close a semblance of prudent financiers, taking careful thought before we add to the "financial" burdens of posterity by building them houses to live in, that we have no such easy escape from the sufferings of unemployment. We have to accept them as an inevitable result of applying to the conduct of the State the maxims which are best calculated to "enrich" an individual by enabling him to pile up claims to enjoyment which he does not intend to exercise at any definite time.
(Keynes)

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Mar 11th, 2013 at 08:27:23 AM EST
[ Parent ]

Display:

Occasional Series