Crisis and Consumerism

17 06 2010

We’ve seen hard times as a nation and in fact we are immersed in it right now. And in these times of crisis what would be the best thing to do? Saving money would be the first thing to come to mind. But not to the economists. Believe it or not you would be encouraged to break that piggy bank of yours and spend more. This is because spending more money would facilitate cash flow which is much needed by an ailing economy to rejuvenate itself. And of course this would likewise make companies to gain more profit due to the increased demand that will be dominoed by the healthy cash flow. And if these companies are healthy no job would be laid off. And if no jobs are laid off more people would be earning as well.

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