4 ms·
Do you have any resources that explain how saving money hurts others?
by jerry1979 5y ago
Do you have any resources that explain how saving money hurts others?
- musingsole 5y agoIt's a pretty natural conclusion from many economics teachings that will highlight money only has value in the middle of a transaction and is virtually ethereal while sitting in any account.
- deleted 5y ago[deleted]
- noduerme 5y agoThat's like saying potential energy doesn't exist, only kinetic energy. Money is like a loaded gun. It doesn't have to be fired. Just walking into a room waving one around will change the nature of most interactions.
- fexl 5y agoI never understood the animus against saving. Saving just means you have produced more than you consumed, and I admire that.
- nonameiguess 5y agoIt reduces the multiplier on money supply, which can be harmful in aggregate if it is sufficient to create a deflationary monetary environment. Given how little impact a single earner who isn't Jeff Bezos can make, or even Bezos himself in the face of offsets from central banks, I highly doubt any individual's savings efforts are doing any harm in practice. You may as well say that taking any water out of the ocean is immoral because if all water was removed, the fish would die.