Re The good economic news is actually bad. Here's why.

["Dave Farber" <dave () farber net>]

---------- Forwarded message ---------
From: Christian Huitema <huitema () huitema net>
Date: Sat, Feb 3, 2018 at 11:36 PM
Subject: Re: [IP] Re The good economic news is actually bad. Here's why.
To: <dave () farber net>, ip <ip () listbox com>


On 2/3/2018 10:41 AM, Dave Farber wrote:


---------- Forwarded message ---------
From: Joe Crawford <joe () artlung com>
Date: Sat, Feb 3, 2018 at 11:19 AM
Subject: Re: [IP] The good economic news is actually bad. Here's why.
To: <dave () farber net>


It’s more difficult  to save income when you have no extra income to save.
Wages have not kept up with inflation. Like, for decades?

Thriftiness is a laudable value presuming you’re not forced into it by
poverty. Many people are just getting by. Many are merely homeless. You’d
think George Will could add that context to this finger-wagging essay. I’m
pretty sure he’s written about how such privation and desperation among
many led some to attach their economic hopes to someone who said he’d “make
America great again.”


That's certainly an issue, but there is more. The interest rates are at
historic lows, and have been for some time. That's sending a message that
saving does not pay, and debt is OK.


-- Christian Huitema
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