A primer on how the economic engine works through coordination between savers, investors, consumers, producers, governments and banks. How hoarding and unfair competition can lead to economic distortions.
Topics covered include:
- How spending and saving are connected including the paradox of thrift
- How borrowing money can lead to higher income and savings and potentially to bubbles
- How hoarding differs from investing and why too much hoarding can deprive businesses of capital
- How lightbulbs, grocery stores, and kitchen appliances could be examples of unfair competition and planned obsolescence.
- What role do we play as participants in this coordinated economic dance?
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Show Notes
Wait, Is Saving Good or Bad? The Paradox of Thrift—The Federal Reserve Bank of St. Louis)
Rents: How Marketing Causes Inequality by Gerrit De Geest—Beccaria Books)
FTC Challenges Kroger’s Acquisition of Albertsons—Federal Trade Commission)
The Lifespan of Large Appliances Is Shrinking by Rachel Wolfe—The Wall Street Journal)
Related Episodes
288: Will Early Retirements Crash the Economy?)
222: Why We Overpay and How It Contributes To Income Inequality)
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