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Straight Story: The paradox of thrift

Economics editor Chris Farrell

About the author

Chris Farrell is the economics editor of Marketplace Money.
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It occurred to me that as businesses fail and competition decreases, the prices for goods will go up - perhaps more than they would have without the current financial mess. Wouldn't making necessary purchases (like replacing my 22-yr-old fridge) make sense now (or soon) before post-fallout prices really increase?

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