The Fed obliterates the savings ethic

posted by
April 13, 2011
Ludwig von Mises Institute
by Doug French  
Posted in Commentary

"Depression babies learned early that 'saving for a rainy day' was not something one hopes to do but a requirement. The saying originated when most people worked on the farm. And when it rained, the fields were too wet to plow, and the farmer — not to mention the hired hands — made no money." (04/13/11)

http://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic  

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