Kyle Napierkowski

Emerging Markets: The New Spenders of the 21st Century

Despite winnersdon'tquit's off-putting caps lock text, s/he makes a rarely considered point worth more discussion. What about our economy necessitates simultaneous workaholicism and zero-savings habits? Economists uphold "Spend, spend, spend" policy as some means of maintaining America's economic dominance. I don't think we would actually be worse off with policies that were spending-neutral, instead allowing for the country to amass some of the excess wealth provided by an effective economy. Instead of using inflation as an incentive for immediate spending, we should cut it out and allow the market to decide how long consumers should hold on to cash. "Spend, spend, spend" becomes "spend, save, relax." The extra consumer savings will build in some insurance against economic downturns, smoothing market volatility in the long-term.

Emerging Markets: The New Spenders of the 21st Century

Despite winnersdon'tquit's off-putting caps lock text, s/he makes a rarely considered point worth more discussion. What about our economy necessitates simultaneous workaholicism and zero-savings habits? Economists uphold "Spend, spend, spend" policy as some means of maintaining America's economic dominance. I don't think we would actually be worse off with policies that were spending-neutral, instead allowing for the country to amass some of the excess wealth provided by an effective economy. Instead of using inflation as an incentive for immediate spending, we should cut it out and allow the market to decide how long consumers should hold on to cash. "Spend, spend, spend" becomes "spend, save, relax." The extra consumer savings will build in some insurance against economic downturns, smoothing market volatility in the long-term.