Thrifty Americans Threaten Recovery - #thrift #consumers

Search Options	close
Search the following clips: All Clips

news science politics food economy art
technology health internet religion psychology

Sign Up Install Learn More Login


	Thrifty Americans Threaten Recovery - #thrift #consumers

JICWyllie

9-2-2009 1:26 PM

80 views

tags:

1-barter, 1-growth, 1-thrift, 2-change, 2-consequences, 3-advocated, 3-forecast, 4-us

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from September 2, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8617bef4-edb6-49ea-b53b-5cfcc9a82ca8/CF4BDE08-CE60-459D-BB7D-3973CC4F45B0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.frontporchrepublic.com/?p=5477" href="http://www.frontporchrepublic.com/?p=5477" style="font-size: 11px;">www.frontporchrepublic.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.frontporchrepublic.com/?p=5477">Everything hums along like clockwork as long as consumers consume. A wrench is thrown into the entire affair if consumers choose not to spend. And so, we find economists worrying that the genius of the stimulus is threatened by a reticence among Americans to open their wallets. This, of course, raises a whole set of further questions: what would happen to the economy if Americans began to barter for, rather than purchase, at least some of the things they need? </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.frontporchrepublic.com/?p=5477">What if more Americans began growing some of their own food, making do with one car rather than two, eating at home, and generally attempting to live lives characterized by simplicity and frugality? </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.frontporchrepublic.com/?p=5477"> We must first attempt to grasp what is good for human beings before we can determine whether or not some forms of growth are good or not. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.frontporchrepublic.com/?p=5477">We must study the economics of permanence.”<A href="#_ftn3">[3]</A></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.frontporchrepublic.com/?p=5477">t this means practicing the habit (or art?) of being satisfied. That is to say, we must be content with what we have.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CF4BDE08-CE60-459D-BB7D-3973CC4F45B0/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>