5min chapter

Money For the Rest of Us cover image

How the Economy Really Works: Savings, Investing, Consuming and Market Distortions

Money For the Rest of Us

CHAPTER

Savings, Borrowing, and Economic Growth

Exploring the role of saving, borrowing, and debt in shaping consumer spending, income distribution, and economic growth. The chapter delves into the paradox of thrift and how different borrowing methods can impact future income and overall economic dynamics.

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