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Comments on: Why prefer spending to savings http://www.tvhe.co.nz/2009/03/19/why-prefer-spending-to-savings/ The Visible Hand in Economics Thu, 19 Mar 2009 23:14:39 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/03/19/why-prefer-spending-to-savings/#comment-18223 Thu, 19 Mar 2009 23:14:39 +0000 http://www.tvhe.co.nz/?p=3292#comment-18223 @Nigel Kearney

I could definitely imagine banks in the US being classed as charities – they are the ones stuck with these houses that are falling in value. At least in NZ the liability stays with the homeowner outside of bankruptcy – in the US people can just send the keys to the bank and forget about the house!

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/03/19/why-prefer-spending-to-savings/#comment-18222 Thu, 19 Mar 2009 23:13:11 +0000 http://www.tvhe.co.nz/?p=3292#comment-18222 @Paul Walker

I believe they would tell you that things are different at the moment 😀

]]> By: Nigel Kearney http://www.tvhe.co.nz/2009/03/19/why-prefer-spending-to-savings/#comment-18212 Thu, 19 Mar 2009 21:28:58 +0000 http://www.tvhe.co.nz/?p=3292#comment-18212 I’m going to put mine in the bank.

The way things are going, a bank could probably be classified as charity now anyway.

]]> By: Paul Walker http://www.tvhe.co.nz/2009/03/19/why-prefer-spending-to-savings/#comment-18201 Thu, 19 Mar 2009 08:30:38 +0000 http://www.tvhe.co.nz/?p=3292#comment-18201 If spending is so great, why have we been told so often, that our current account deficit means we don’t save enough???

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