You Blew It! More Saving Will Ruin the Economy?

Posted: February 28, 2015 in Uncategorized

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You Blew It! More Saving Will Ruin the Economy?

Townhall.com ^ | February 28, 2015 | Mark Skousen

Posted on 2/28/2015, 12:33:36 PM by Kaslin

“If everyone saved more, we’d have a problem.” – Robert Shiller

Last week, in promoting a new edition of “Irrational Exuberance,” Robert Shiller, a Nobel Prize-winning economist from Yale University, said he is encouraging his students to save more, because the “golden age of investing” is over and investors will need to save more to have enough for retirement.

Then, in an interview with Yahoo Finance, he nodded his head with approval when the interviewer said that saving more “would ruin the economy.” Shiller added, “If everybody saved more, then we’d have a problem.” The interviewer went on to say, “Shiller is referring to the idea that if everyone saved more, they wouldn’t be spending money on discretionary items and the U.S. economy is heavily…

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