The Truth about Savings and Consumption скачать в хорошем качестве

The Truth about Savings and Consumption

Support Out of Frame on Patreon:   / outofframeshow   Watch our newest video, "The 1970s are back. Yaaaayyyy.":    • The 1970s are back. Yaaaayyyy.   Check out our podcast, Out of Frame: Behind the Scenes:    / @outofframebts   We regularly hear how important consumer spending is for the economy. The story goes like this: the more consumers spend, the more money circulates in the economy, which stimulates healthy job growth and profits. If people could be encouraged to go out and spend a little more of their paycheck, we'd all be better off. Keynes went as far as to say that individuals saving their money may actually be hurting the economy, as saving reduces "aggregate demand" and therefore company revenue. Sounds troubling, doesn't it? Fear not. You aren't actually hurting anyone by filling up your piggy bank. In fact, savings help the economy, as they make lending to productive entrepreneurs possible. The consumption that we enjoy is only made possible by prior production. And that production is only made possible by savings. For more resources about the economics of saving versus consuming, visit http://www.fee.org/the_freeman/detail... Scripted, animated, and produced by Steve Patterson. Very special thanks to Julia Patterson.