paradox_of_thrift - The Paradox of Thrift which was also a cornerstone of Keynesian theory shows that when people decide to save more in a recession the

paradox_of_thrift - The Paradox of Thrift which was also a...

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The Paradox of Thrift which was also a cornerstone of Keynesian theory shows that when people decide to save more in a recession, the recession becomes worse, and only government intervention could solve the problem of a recession. When households become concerned about

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