The Great Debate

America’s aging population undermines monetary policy

By Allison Schrager
September 24, 2013

Last week the Fed announced it would keep buying assets, for now, to keep the economy afloat. But that raises the question: why haven’t all the Fed’s efforts so far worked better?

from MacroScope:

Spend Save Man Woman

May 28, 2010

Far from being lauded as a virtue, China's high savings rate has been blamed for the economic imbalances underlying the global financial crisis. The criticism being that the Chinese spend too little and rely too much on exporting to Western consumers.