The Spend/Save Paradox

What to do? Spend! Save!

What?

There was recently a very good article at the Town Square blog on the mixed messages of economists as well as the problem we individually face in ensuring our own future. The message to spend essentially says that it is your patriotic duty to get out and stimulate the economy. OK. And buy what? Go to the Dollar store where nothing purchased effectively stimulates the the local economy? Go to Best Buy and purchase a flat screen TV (made in Korea)? I think not. If we want to stimulate the economy effectively then stop doing what we have done for years. Stop buying the cheapest item and buy something that will give your neighbour a job. It is good for your neighbour and ultimately good for you.

It is also good for the planet as the resources are not shipped to Korea or China and then shipped back as a finished product. From the Town Square blog:

The solution to the Paradox (spend/save) is to demand, consume and produce the local and renewable. Keep whatever shrinking wealth we might have within sight, build local economic muscles, protect local jobs, and begin to construct a sustainable region and home place.

The problem is we don't have an easy understanding of what is made locally. Until we demand and attain meaningful identification of the origin of products we don't have much of a choice.
(editorial cartoon by Tom Toles, Washington Post)