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Subject:  Re: Ten Mental Exercises Leading To Freedom Date:  4/4/2000  10:05 PM
Author:  pjohns Number:  7457 of 876033

I'm still skeptical...[even though] [t]here's probably all sorts of charts and things in the textbooks supporting this idea [the Paradox of Thrift]."

I'm with you here, hocus. I make no pretense of having a deep understanding of economic theory; that said, however, this strikes me as just another example of the thinking of the zero-sum-game crowd.

According to this bunch, any good economic news carries with it the seeds of bad economic news. That is why Alan Greenspan worries so intensely over the low unemployment figures--thereby implying that a little more unemployment would be a good thing for our society.

It is the same sort of perverse thinking, in my opinion, that would lead one to believe that a robust economy is incompatible with an outbreak of responsible spending habits.

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