All Commentary
Wednesday, February 16, 2011

Americans Pay Down Debts, Increase Savings


“The recession that just rocked the U.S. economy happened in part because Americans were borrowing and spending more than they could afford. Now, three years after the downturn began, families are moving faster than many analysts had expected to put their finances in order by paying down debt and boosting their savings.” (Washington Post)

Unpatriotic savers!

FEE Timely Classic
“The Trouble with Keynes” by Roger W. Garrison