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Originally Posted by pilotbob
Maybe this is the problem with our economy. People go out and buy new things when they have a perfectly workable one. And they do this when they can't even pay cash for it. Spending money won't help the economy. Actually saving money and reducing debt will. (I know this is a whole different topic.)
No, I won't but a new Kindle. My current one works perfectly fine so i will stick with it.
BOb
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As long a we are all contemplating the prospective purchases let us remember what we slept through in economics:
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For those of us who still have our jobs, who still have a few nickels to rub together, we should be buying like mad.
Look, we're faced with John Maynard Keynes called "the paradox of thrift." If everyone is cheap and thrifty and doesn't spend, the economy slumps and everyone is poorer, not richer.
This really isn't rocket science. It's part of what caused the Great Depression.
Ben Stein
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