Thrift
in sentence
56 examples of Thrift in a sentence
Economic behaviors like
thrift
and avoidance of debt are desirable, because they are consistent with ethical standards of personal behavior.
Exposés about poorly built buildings and crumbling bridges are offered as evidence that
thrift
has overtaken reason.
All successful economies are built on thrift, hard work, and individual initiative.
But how long will US private sector
thrift
last?
In short, the eurozone's periphery is now subject to the paradox of thrift: increasing savings too much, too fast leads to renewed recession and makes debts even more unsustainable.
Asians, according to this theory, have their own values, which include thrift, deference to authority, the sacrifice of individual to collective interests, and the belief that countries should not stick their noses into others’ affairs.
The private sector can spend less and save more, but this would entail an immediate cost known as Keynes’ paradox of thrift: declining economic output and rising debt as a share of GDP.
The problem is that it ignores the effect of the housewife’s
thrift
on total demand.
Though reform programs aimed at building viable macroeconomic frameworks remain essential, they must include strong provisions for countercyclical policies to offset the “paradox of
thrift"
(the tendency to save more during a recession, undermining economic growth).
Some blame a global savings glut for this state of affairs, and call for less
thrift.
And Fischer made short
thrift
with those who like to suggest that past European policies did not adequately respond to Germany's national interest: "Completion of the European Union is in our supreme national interest and in the European interest as well."
We rely on such models to explain, for example “the paradox of thrift,” whereby individual decisions to increase saving can, by depressing spending and output, result in the population as a whole saving less.
Thus, continuing pain seems likely for ordinary Japanese, whose
thrift
and productivity ensured that the country rose like a phoenix from its wartime destruction.
Rather than celebrate their thrift, countries that are out of the business travel loop should be worried.
Of course, one might argue that Asian
thrift
and American profligacy merely reflect asymmetric demands for credit: Asians are intrinsically more reluctant to borrow.
It has often been claimed that capitalism rewards the qualities of self-restraint, hard-work, inventiveness, thrift, and prudence.
Hard work and inventiveness are still rewarded, but self-restraint, thrift, and prudence surely started to vanish with the first credit card.
The fickleness of capital markets poses once again the paradox of
thrift.
And, even if fiscal integration were feasible, the examples of the United States and Japan do not inspire confidence that integrated European finances would exhibit German
thrift
rather than Greek profligacy.
Thrift
is undoubtedly a virtue; but other considerations should take priority when one’s house is on fire and about to collapse.
And reducing debt ratios by saving more leads to the paradox of thrift: too fast an increase in savings deepens the recession and makes debt ratios even worse.
Modi’s Fiscal FolliesNEW DELHI – Students in introductory macroeconomics courses typically used to learn about the paradox of
thrift.
This denial of the paradox of
thrift
betrays a basic lack of understanding of macroeconomic processes.
Meanwhile, Germany has abandoned years of
thrift
by backing a €750 billion ($887 billion) European Union recovery fund and, like France, will maintain its own national job retention and job creation program throughout 2021.
Behind the door, Gregor nodded with enthusiasm in his pleasure at this unexpected
thrift
and caution.
Its garden, too, glowed with flowers: hollyhocks had sprung up tall as trees, lilies had opened, tulips and roses were in bloom; the borders of the little beds were gay with pink
thrift
and crimson double daisies; the sweetbriars gave out, morning and evening, their scent of spice and apples; and these fragrant treasures were all useless for most of the inmates of Lowood, except to furnish now and then a handful of herbs and blossoms to put in a coffin.
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