Frugality? How about spend, spend, spend!
There are times, such as these, that I wish I was still sitting in an economics class.
Learning new theories, of course, would help. But I’d like to ask the professor a question or two about the state of the U.S. economy.
As in: If saving money is a rational move for people, especially given the Great Recession, how does that square with the need for a healthy amount of spending from consumers to circulate money, support jobs and stimulate demand?