THE TRIUMPH OF IDEOLOGY OVER SCIENCE:

Savings Rate Continues to Be High (JEFF BATER, 3/27/09, WSJ)

Personal saving as a percentage of disposable personal income was 4.2% in February, the Commerce Department said. It was 4.4% in January. The last time the saving rate exceeded 4.0% two straight months was August and September 1998, up 4.3% and 4.2%, respectively.

Saving money is healthy for households and the economy over time, a path to prosperity.

One of those things your belief forces you to state even though it's controverted by the evidence.

Posted by Orrin Judd at March 27, 2009 7:57 AM