A writer for the Wall Street Journal wrote a whimsical "Letter to Stingy American Consumers": Dear American Consumer:
This is The Wall Street Journal. ...The sun shined in April and you didn't spend much money. ... You've been saving more too. ... This saving is not like you. ... Do you know the American economy is counting on you? Economist Steven Lands burg praised Ebenezer Scrooge for choosing to save rather than spend his money, arguing that saving-not consumption-fuels economic growth.
The Wall Street Journal letter pretends to chide the American consumer for saving rather than spending income, arguing that spending-not saving-fuels economic growth. Which argument is correct?