Friday, October 9, 2009

Hoarding

Mises Institute posted my article on the virtue of hoarding today:
Most people would admit to hoarding money only with a tinge of guilt, because to be a hoarder carries with it the suggestion of being a miser — a Scrooge. And yet, every participant in an economy based on indirect exchange holds some amount of money and can be said to be hoarding it, that is, declining to spend it.
It gets better. Read the rest.

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