Quote:
Originally Posted by Russ
I'm often reminded of a conversation I overheard a year or two back on a train by two city banker types, one saying to the other that the people who hoard and save their money are the selfish ones as apparently (according to these two) what people ought to be doing is "spend spend spend" to get the economy moving.
Idiots.
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they are right on that.
I have said it many times. If everyone were to just save their cash, then its a recession. The economy works when money changes hands.
Thats why doing things like welfare cuts doesnt help the economy as thats stopping enforced money circulation.
That is why 1 million pounds is better given £100 to 10000 people then 1 million to 1 person.