A primer on how the economic engine works through coordination between savers, investors, consumers, producers, governments and banks. How hoarding and unfair competition can lead to economic distortions.Topics covered include:How spending and saving are connected including the paradox of thriftHow borrowing money can lead to higher income and savings and potentially to bubblesHow hoarding differs from investing and why too much hoarding can deprive businesses of capitalHow lightbulbs, grocery stores, and kitchen appliances could be examples of unfair competition and planned obsolescence.What role do we play as participants in this coordinated economic dance?SponsorsBetterment – the automated investing and savings appLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesWait, Is Saving Good or Bad? The Paradox of Thrift—The Federal Reserve Bank of St. LouisRents: How Marketing Causes Inequality by Gerrit De Geest—Beccaria BooksFTC Challenges Kroger’s Acquisition of Albertsons—Federal Trade CommissionThe Lifespan of Large Appliances Is Shrinking by Rachel Wolfe—The Wall Street JournalRelated Episodes288: Will Early Retirements Crash the Economy?222: Why We Overpay and How It Contributes To Income InequalitySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“What did the council decide on item 42?” — answered with the speaker and the moment.