I read an article somewhere (cnn?) that said the whole problem right now is that Americans are saving too much. You heard that right, apparently the problem is that the world economy cant run when America has a 3% savings rate.
The idea was that we need to start spending more and more again, and then when “things get better, go back to saving more.” How things are gonna stay better when Americans start saving again they dont really go into, but it sure sounds good.
I think this is the kinda BS advice big government is getting.
