Post
Topic
Board Economics
Re: Americans hoarding cash doing more harm to their economy?
by
EdvinZ
on 21/05/2020, 03:26:11 UTC
According to economic laws, the more people spend, the stronger the economy grows. However, during the crisis, people receive much lower incomes, and prices for goods and services on the contrary grow. Businesses are trying to solve their problems at the expense of consumers. I think that ordinary citizens are acting completely appropriately, saving their money. I believe that the government should regulate the excessive appetites of businessmen who constantly raise prices, especially during the crisis, when people have less money.