[ExI] More on Health Costs

[painlord2k at libero.it]

Il 28/05/2009 16.56, Stathis Papaioannou ha scritto:
> 2009/5/29 Dan<dan_ust at yahoo.com>:
>
>> A reductio ad absurdum of the Keynesian view is if spending to wealth worked, why wait for a recession?  Why not always keep immediately consuming our total incomes -- never saving at all?  (Saving is really postponed consumption, but it's from such postponed consumption that all economic progress aside from pure luck arises.)
>
> If everyone saved and no-one consumed, save for the necessities of
> life, why would anyone invest in anything other than the necessities
> of life? Interestingly, the savings ratio correlates negatively with
> economic growth in OECD countries:

This is the reverse; worse the economic growth, greater the need to save.

Mirco



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