UW business dean telling people to spend

by thoughtfulconservative

From WISN Milwaukee

Even as millions of Americans watch their retirement savings drop with the ebbs and flows of the stock market, the dean of the University of Wisconsin’s business school said that people need to stop saving and start spending.

Yeah, well, unfortunately, we’re not all deans at state universtities.

Even though I am a Dean.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to Ma.gnoliaAdd to TechnoratiAdd to FurlAdd to Newsvine


2 Comments to “UW business dean telling people to spend”

  1. Doesn’t really matter if you’re a dean or not. He’s still wrong. The current financial problems may be reduced in the short term by increased spending, but at the cost of making the recovery take longer. In the long term, it’s precisely that saving that will result in the necessary capital investments required to turn things around.

  2. Besides if people are afraid of the future, like whether they will have a job or not, they’re gonna be tucking money away for a rainy day like they should be anyway.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: