No, _saving_ is when you put money aside and hopefully keep its value at least above inflation. Cash hoarding means individuals and businesses stash bills under

No, _saving_ is when you put money aside and hopefully keep its value at least above inflation. Cash hoarding means individuals and businesses stash bills under the mattress, and business will even decline to sell you anything on credit. And of course, that money devalues with inflation, so it’s not useful as a savings mechanism.