Consumers: Don’t Spend! No, wait! Spend!

“It’s your fault. Part of it is, anyway. You, the American consumer, spent too much money. You bought too much house, took on too much debt and generally lived beyond your means. Your free-spending ways helped cause the worst financial crisis since the Great Depression. And now you’re going to have to do your part to end the crisis. How? By spending.” (New York Times, Wednesday)



Is it any wonder that most people ignore economics?



FEE Timely Classic

“Why Economists Need to Speak the Language of the Marketplace” by James C. W. Ahiakpor