A primer on how the economic engine works through coordination between savers, investors, consumers, producers, governments and banks. How hoarding and unfair competition can lead to economic distortions.Topics covered include:<ul><li>How spending and saving are connected including the paradox of thrift</li><li>How borrowing money can lead to higher income and savings and potentially to bubbles</li><li>How hoarding differs from investing and why too much hoarding can deprive businesses of capital</li><li>How lightbulbs, grocery stores, and kitchen appliances could be examples of unfair competition and planned obsolescence.</li><li>What role do we play as participants in this coordinated economic dance?</li></ul>Sponsors<a href="https://www.betterment.com/" rel="noopener noreferrer" target="_blank">Betterment – the automated investing and savings app</a>LinkedIn Jobs –&nbsp;<a href="https://linkedin.com/david" rel="noopener noreferrer" target="_blank">Use this link to post your job for free on LinkedIn Jobs</a>Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter</a>Our Premium Products<a href="https://assetcamp.com/" rel="noopener noreferrer" target="_blank">Asset Camp</a><a href="https://moneyfortherestofus.com/hub/" rel="noopener noreferrer" target="_blank">Money for the Rest of Us Plus</a>Show Notes<a href="https://www.stlouisfed.org/education/page-one-economics-classroom-edition/wait-is-saving-good-or-bad-the-paradox-of-thrift" rel="noopener noreferrer" target="_blank">Wait, Is Saving Good or Bad? The Paradox of Thrift—The Federal Reserve Bank of St. Louis</a><a href="https://www.barnesandnoble.com/w/rents-gerrit-de-geest/1129280545" rel="noopener noreferrer" target="_blank">Rents: How Marketing Causes Inequality by Gerrit De Geest—Beccaria Books</a><a href="https://www.ftc.gov/news-events/news/press-releases/2024/02/ftc-challenges-krogers-acquisition-albertsons" rel="noopener noreferrer" target="_blank">FTC Challenges Kroger’s Acquisition of Albertsons—Federal Trade Commission</a><a href="https://www.wsj.com/personal-finance/the-lifespan-of-large-appliances-is-shrinking-e5fb205b" rel="noopener noreferrer" target="_blank">The Lifespan of Large Appliances Is Shrinking by Rachel Wolfe—The Wall Street Journal</a>Related Episodes<a href="https://moneyfortherestofus.com/288-will-early-retirements-crash-the-economy/" rel="noopener noreferrer" target="_blank">288: Will Early Retirements Crash the Economy?</a><a href="https://moneyfortherestofus.com/222-overpay-leads-income-inequality/" rel="noopener noreferrer" target="_blank">222: Why We Overpay and How It Contributes To Income Inequality</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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How the Economy Really Works: Savings, Investing, Consuming and Market Distortions

Money For the Rest of Us