Monday, February 2

The paradox of spending?

There's a lot of talk about the "paradox of thrift", but I'm wondering about the inverse. Don't forget that it was that big spender John Maynard Keynes who thought up the term. Morover, the lack of a clever label for too much spending suggests to me that we don't think of too much spending as a bad thing. On the other hand, just because there's not a word for it doesn't mean the concept doesn't exist.

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