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Re:Rich Retirees Are Hoarding Cash Out of Fear by asdfjlkasdf88 on Tuesday May 16, 2017 @07:17PM (#14354209)
Perhaps we should rethink the under pinnings of our culture rather than continue pushing "excessive material consumption"?

Seems strange to live on the notions of man who lived before today's environmental concerns became cause for alarm.

Re:Rich Retirees Are Hoarding Cash Out of Fear by FabHK on Tuesday May 16, 2017 @07:23PM (#14354247)
I'm certainly not advocating conspicuous consumption and needless spending.

However, these individual actions might collectively have unintended consequences, and that's what the paradox of thrift is about. It's a descriptive concept (i.e. about what happens in the real world), not a normative one (i.e. what people ought to do).

But before you decide what one ought to do, it is best to take into account what actually happens in the world.

It might well be better if people spent more (and that need not be on material things, it could be education, concerts, and so forth).

Re:Rich Retirees Are Hoarding Cash Out of Fear by asdfjlkasdf88 on Tuesday May 16, 2017 @07:48PM (#14354382)
I get you. Keynes is often distilled as, for better or worse, "Go shopping." My jump off point is usually there when talking to folks in meatspace.

But yeah, it could mean spend more on bridges, universities, or jewel studded iPhone cases.