Comments on: Consumers Spend Less And Economists Say It’s Bad For Economy http://thepassivedad.com/2009/01/consumers-spend-less-and-economists-say-its-bad-for-economy/ Sharing Passive Income and Money Saving Tips Tue, 03 May 2011 23:44:32 -0700 hourly 1 http://wordpress.org/?v=3.1.3 By: Scott http://thepassivedad.com/2009/01/consumers-spend-less-and-economists-say-its-bad-for-economy/comment-page-1/#comment-2285 Scott Wed, 14 Jan 2009 16:55:17 +0000 http://thepassivedad.com/?p=748#comment-2285 @ Miranda It makes me wonder if the "hot" gift for Christmas 2009 will be piggy banks. Probably not, but I hope more people will start to rethink saving money. @ Blake A frugal economy will hurt many, especially those families that require two incomes to survive. I guess the question will be, how long will the pain last? @ Miranda

It makes me wonder if the “hot” gift for Christmas 2009 will be piggy banks. Probably not, but I hope more people will start to rethink saving money.

@ Blake

A frugal economy will hurt many, especially those families that require two incomes to survive. I guess the question will be, how long will the pain last?

]]> By: Blake http://thepassivedad.com/2009/01/consumers-spend-less-and-economists-say-its-bad-for-economy/comment-page-1/#comment-2284 Blake Wed, 14 Jan 2009 16:17:53 +0000 http://thepassivedad.com/?p=748#comment-2284 Ah yes, the 'Paradox of Thrift'. Our economy certainly would be stimulated more with continued cheap credit and enormous amounts of deficit spending, but in the long-run it's completely unsustainable. In the short-run, a shift to a more thrifty, frugal economy will be painful for many. Over time though, it's the only way to achieve financial and economic prosperity. Ah yes, the ‘Paradox of Thrift’. Our economy certainly would be stimulated more with continued cheap credit and enormous amounts of deficit spending, but in the long-run it’s completely unsustainable.

In the short-run, a shift to a more thrifty, frugal economy will be painful for many. Over time though, it’s the only way to achieve financial and economic prosperity.

]]> By: Miranda http://thepassivedad.com/2009/01/consumers-spend-less-and-economists-say-its-bad-for-economy/comment-page-1/#comment-2283 Miranda Wed, 14 Jan 2009 14:48:08 +0000 http://thepassivedad.com/?p=748#comment-2283 This is a prime example of the disconnect that has come in our economy: What is good for the individual is not good for the whole, and vice versa. Our economy runs on debt-fueled consumer spending, so when consumers are beholden to the chains of debt and interest, the economy gains. That is our current problem. Debt-based consumer spending cannot continue unsustained, so instead of changing our economic model, our leaders are trying desperately to keep things as status quo as possible. This is a prime example of the disconnect that has come in our economy: What is good for the individual is not good for the whole, and vice versa. Our economy runs on debt-fueled consumer spending, so when consumers are beholden to the chains of debt and interest, the economy gains. That is our current problem. Debt-based consumer spending cannot continue unsustained, so instead of changing our economic model, our leaders are trying desperately to keep things as status quo as possible.

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