Paradox of thrift
krugman.blogs.nytimes.com 2/3/2009 — Yesterday's report on consumer incomes, spending, and saving showed a sharp rise in the personal savings rate; it also showed a decline in nominal personal incomes, the third in a row, reflecting the weakening economy. I don't know who else has made ...

The paradox of thrift
marginalrevolution.com 2/9/2009 — Matt Yglesias offers a clear, non-technical explanation .  I would add a few points: 1. If wages are relatively flexible in the downwards direction, it is easier to avoid the downward spiral from falling aggregate demand.  There is an odd ...

The paradox of thrift - for real
krugman.blogs.nytimes.com 7/7/2009 — The paradox of thrift is one of those Keynesian insights that largely dropped out of economic discourse as economists grew increasingly (and wrongly) confident that central bankers could always stabilize the economy. Now it's back as a concept. But is ...

Careful with the paradox of thrift
tvhe.co.nz 7/8/2009 — Paul Krugman has just mentioned that the “paradox of thrift” has shown up in the data . Now my opinion has moved over time , and I do think that the US is now experiencing a paradox of thrift – but his evidence appears to have nothing to do with this. I believe that we are ...

Hassett and the Paradox of Thrift
econospeak.blogspot.com 1/13/2009 — I nominate Kevin Hassett for the worse argument yet against the Obama fiscal stimulus: We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policy makers now believes that the ...

Matthew Yglesias » Understanding the Paradox of Thrift
yglesias.thinkprogress.org 2/8/2009 — Taking a suggestion from DTM , it’s probably worth attempting a layman’s explanation of “the paradox of thrift” in the current situation. So here goes: I get a paycheck direct deposited into my bank account every two weeks, which is my salary less ...

The paradox of thrift
econbrowser.com 2/8/2009 — Or, how come you used to say that if consumers don't save more, it will wreck the economy, and now you say, if consumers do save more, it will wreck the economy? For the record, I am certainly among those who had been suggesting that America's low ...

Paradox of Thrift or the Ineffectiveness of Tax Cuts?
econospeak.blogspot.com 6/28/2009 — Jack Healy reports that private consumption isn’t exactly soaring: Tax cuts from the stimulus package and increases in Social Security checks lifted personal incomes sharply in May, the government reported on Friday, but it appeared that many people ...

Debating Economics
marginalrevolution.com 4/24/2009 — Intelligence Squared has held a series of debates in which they poll ayes and nayes before and after.  How should we expect opinion to change with such debates?  Let's assume that the debate teams are evenly matched on average (since any ...

Debating the Public Plan
baselinescenario.com 6/29/2009 — Greg Mankiw weighs in directly (as opposed to beating around the bush ) on the public plan. Here’s the summary: Recall a basic lesson of economics: A market participant with a dominant position can influence prices in a way that a small, competitive player cannot. . . . If the ...