January 29, 2008
– Comments (2)
I've seen a lot of articles like this. Our quick-fix politicians better hope people don't save, or their stimulus package will do even less.
One of the best pieces of advice I've heard was that "It is not your patriotic duty to shop."
For those, who do not like to read, SNL with Steve Martin:
For those who can / like to read:
The Great Fiscal Stimulus of 1929Consider The great fiscal stimulus package ... of 1929
In 2008 as in 1929, the ability and willingness of consumers to borrow and banks to lend is under attack not only in the US but Europe as well. For more on the latter please see Financial Crisis Poised To Hit Europe.