The Recession's Consumer Paradox
David Brancaccio was in Los Angeles last week to guest host Marketplace Money. The theme: Borrow or spend? If we don't spend, life gets drained from the U.S. economy. But surely, we're supposed to save during these tough times. A paradox by any other name.
On the agenda:
- Is GDP really an effective way to measure the economy?
- Why one former Fed president thinks saving, not spending, is the way out of the recession.
- When it comes to stimulating the economy, not all consumers are equal.
- How to clean up your credit score
- And more!
You can listen to the whole show here: