All Commentary
Monday, August 2, 2010

Recession Teaches Value of Saving


“The deep recession and widespread joblessness appear to have taught Americans an important lesson about living within their means and setting aside more money for economic emergencies. Figures put out by the Commerce Department on Friday show that the personal savings rate tripled during the recession and is hovering at more than 6 percent — a level not seen in decades.” (Washington Times, Monday)

Saving? The Keynesians will be apoplectic.

FEE Timely Classic
“Saving Is Killing the Economy?” by Steven Horwitz