The Paradox of Thrift
1m
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60-Second Adventures in Economics - for iPad/Mac/PC
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The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.
The episode The Paradox of Thrift from the podcast 60-Second Adventures in Economics - for iPad/Mac/PC has a duration of
1:22. It was first published
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