Economists’ Logic of Spending, Saving, and Borrowing
The guys at the Freakonomics blog can always be counted on for some interesting conversation starters. Today, Steven Levitt pits conventional wisdom about saving money against advice on the topic from Milton Friedman (via Jose Scheinkman). Conventional wisdom (taking the form of Levitt’s wife) holds that one should prudently save money from all income, no … Read more