Okay I save it. What does that mean? ... Some goes in a bank account, but then what does the bank do with it? They spend it. Whomever I give my money to spends it. I might buy stocks with it. I might buy municipal bonds. Everything that people do with their money is "spending it", one way or another.Amen. All savings are ultimately spent. Savings are just "spent" on capital, and capital is what is required for economic growth.
Tuesday, December 7, 2010
Limbaugh: All savings are spent
Limbaugh nails it, debunking the myth that only Keynesian, targeted tax cuts "stimulate" the economy.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment