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Word: overspender (lookup in dictionary) (lookup stats)
Dates: during 1959-1959
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Usage:

Economists worry that businessmen tend to "bunch up" their investments, overspend for capital goods and inventories in good times. "The up-and-down cycle exists simply because businessmen do not believe it exists," says a top Washington economist. "They base capital-spending decisions on a straight-line projection. Because business has been good in recent months, they figure it will never slack...

Author: /time Magazine | Title: ANOTHER RECESSION?: When & If, It Should Be Mild & Brief | 9/21/1959 | See Source »

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