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Wheylous Posted: Thu, Jan 19 2012 8:38 PM

Profit is defined as revenue beyond costs. Many say that profit is "bad." Yet saving on the individual level is income above consumption - essentially the same things. Why should individual saving be good while profit be bad?

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Autolykos replied on Thu, Jan 19 2012 8:45 PM

Because those many want the money to go to them, not to the businesses.

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Malachi replied on Fri, Jan 20 2012 10:10 PM
Saving of any type is bad because that decreases spending. If they need more money, they should be borrowing.
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James replied on Fri, Jan 20 2012 11:47 PM

http://en.wikipedia.org/wiki/Paradox_of_thrift

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Who says that profit is bad?

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