Chapter 9

I was intrigued by Wheelan's claim (if I'm understanding it correctly) that we could keep the economy from plummeting fast during recessions if we essentially turn a blind eye to the whole thing. It seems simple enough to say that if we continue to spend how we normally would than the economy wouldn't take a nose dive at full speed during recessions. If I were the head of a business, corporation or even household for that matter, I would want to save! As a whole the economy would be stimulated if everyone kept there regular spending habits but what if I chose to buy the car I was saving for during a recession and than the house market crashes anyway and now I don't have money to deal with that (huge) problem? It sort of reminds me of the card game we played in class, unless everyone helps to stimulate the economy, there will always be a big heap of "losers."