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Tag Archives: paradox of thrift
The Double-Edged Sword of Interest Rates
More and more interesting arguments are being provided to see that any change in interest rates is deeply contradictory in its impact on the economy. The latest one (“the Economist”, Buttonwood’s notebook, December 10th), deals with the apparently unassailable logic of the … Continue reading
Posted in economic theory, Economics
Tagged austerity, economic growth, interest rates, investment, paradox of thrift, savings
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The Austerity Policies: Boon or Disaster?
Ups and downs in implementing the austerity policies The recent shift in the minds from accepting unequivocally the austerity policy to almost denying its rationale is amazing. Even IMF has softened its position on the austerity requirements. It is understandable, … Continue reading
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