…The Social Security personal accounts would be handled in an independent government-supervised trust fund environment just the way personal accounts are handled by the Thrift Savings Plan of the federal…

…which Social Security beneficiaries’ private accounts are managed by the Treasury employee’s Thrift Savings Plan, and according to which accounts cannot be tapped or pledged before retirement, and you could…

…run, in the short run its a good thing. In this, it’s very much like the paradox of thrift. In other words, there are substantial benefits to the US trade…

…Lambert, Edward. Paul Krugman on verge of an illumination. Effective Demand blog. July 19, 2013. Pettis, Michael. Excess German Savings, not Thrift, Caused the European Crisis. Economonitor. May 21, 2013….

…thrift and virtue, rather than currency misalignment. It then points to its virtue as justification for doing nothing to increase domestic consumption, wages, or inflation, and for demanding austerity from…

…The only means, apart from thrift, by which the material condition of the working class, or any class, can be improved is by an increase in general production. Given that…

…observation in describing what he called “The Paradox of Thrift.” Keynes noticed that in an economic downturn, individuals make the rational choice of spending less and saving more. If the…

…be above it. I have noted above how the GOP has long demonstrated the thrift of a drunken sailor. Notably, both the huge tax cuts and the huge spending increase…

…also the desire to hold onto savings in view of the dire short-term economic outlook. This is Keynes’s “paradox of thrift” in action. Wanting to insulate oneself from economic harm…

…aspect for local communities. Actually, it’s not a new idea. Back in the 1930’s, Keynes made the same observation in describing what he called “ The Paradox of Thrift.” Keynes…