On Tuesday, April 14th Templeton Press, along with The King’s College and The Institute for American Values, hosted a panel discussion on the “paradox of thrift.” David Blankenhorn, President of the Institute for American Values and author of Thrift: A Cyclopedia, moderated the discussion. Justin Fox, author of Time magazine’s business and economics column, “The Curious Capitalist,” and Robert Frank, author of the New York Times “Economic View” column, devised the panel.
This “paradox of thrift,” first described by British economist John Maynard Keynes during the Depression era, has been resurrected as an argument for economic recovery today. Those who subscribe to it say that spending, not saving, is the key to economic recovery. The panel discussed as to whether or not this is a sound argument.
Check back later for clips from the April 14th discussion.
