Robert J. Shiller quote

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This is the paradox of thrift: belt-tightening causes people to lose their jobs, because other people are not buying what they produce, so their debt burden rises rather than falls.
Robert J. Shiller
Robert J. Shiller
Robert J. Shiller
Born: Mar 29, 1946

Topics

People, Burden, Lose, Other, Jobs, Paradox, Rises, Thrift, Rather, Because, Causes, Falls, Debt, Than, Produce, Buying

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Related Authors

Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Paul A. Volcker, Richard Thaler, Robert Reich, Thomas Sowell
Narrative Economics: How Stories Go Viral and Drive Major Economic Events
Narrative Economics: How Stories Go Viral and Drive Major Economic Events
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