Posts Tagged ‘business expansion’

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    Austerity and Harry Truman

    Dec 31, 10 • 206 Views • Behavioral Economics, Businesses, Economic Debates, Economic History, Economic Thinkers, Government, Households, International Trade and Finance, Labor, Macroeconomic Measurement, Money and Monetary Policy, Thinking EconomicallyNo Comments

    What are people saying about austerity, the 2010 word of the year? According to Dr. Econ at the San Francisco Federal Reserve, households are demonstrating austerity by saving more and borrowing less. On the one hand, living within our means is good. But on