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Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look

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#31 mr beauxjangles

mr beauxjangles

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Posted 28 May 2009 - 02:37 PM

Interesting. But the agg savings rate "supposedly" went up.
Odd numbers.

In six out of the last eight recession (back to 1960) the savings rate actually increased during the recession, with the logic being that households disproportionately cut back on expenditures relative to any losses in income and net worth. It makes sense - the fear factor. Generally people are risk-averse during recessions, but risk-neutral or risk-seeking during expansions.