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