raghu wrote:
I see your point but it still doesn't seem to me to be as crystal clear as Roach seems to think. It must be Roach's neo-classical econ education that made him choke on his bite of watermelon :).(For instance I can easily see the sales of HDTV slowing with a price increase.)
They would, no doubt. But, given their current propensity to consume, Americans would just spend the money on something else. Why would it increase their saving? Doug
