' The best thing for savers is real returns. ' Investors want returns. In inflationary environments, savers are compelled to become speculators (or investors)

' The best thing for savers is real returns. ' Investors want returns. In inflationary environments, savers are compelled to become speculators (or investors) to attempt to protect purchasing power. GDP includes government spending, which has been increasing. How is broad growth in government spending good for savers? I'm not talking about hyperinflation in USA, though it is convenient for your argument to use an extreme example of war reparations.