Michael Shedlock kills some Keynesian claptrap at Mish's on 7 January 2009, link: http://globaleconomicanalysis.blogspot.com/2009/01/families-start-saving-does-this.html.
It's amazing how the same fallacies keep resurfacing.
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They think consumers are Pavlov's dog...
Lower rates = spend, spend
Uh oh... doggie not doing it's trick... now what?
Stimulate!
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