Especially in Europe but in most of the G20 countries, austerity policies have reduced aggregate demand, therefore stunting gross-domestic-product growth. The primary mode of stimulating these ...

Don’t spend more than you make. Don’t buy things you don’t need. Save for a rainy day. If Americans had followed these simple rules over the past decade, there would be no financial crisis, no ...

Ben Franklin said a "penny saved is a penny earned" and called it a virtue. Economic theory suggests that if everyone saves more and spends less - the economy shrinks. This is called the "Paradox of ...