Saving and investment: My (Keynesian) take

posted by
January 17, 2012
EconLog
by Arnold Kling  
Posted in Commentary

"On the one hand, if I stop going to Chinese restaurants and start going to Mexican restaurants, we know that workers laid off by the Chinese restaurants can be hired by the Mexican restaurants. Not a problem. But on the other hand, if I stop going to Chinese restaurants because I want to save more, how does my saving get translated into specific demand for future goods?" (01/17/12)

http://econlog.econlib.org/archives/2012/01/saving_and_inve.html  

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