"An increased desire to consume — which is another way of looking at a decreased desire to save — is likely to boost business sales and increase investment. On the other hand, a decreased desire to consume — i.e., an increase thriftness — is likely to reduce inflationary pressure in times of booming incomes; but in time of depression, it could make the depression worse and reduce the amount of actual net capital formation in the community. High consumption and high investment are then hand in hand rather than opposed to each other."
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