Savings are a private virtue and a public vice - the 'virtual memory' of monetary economies if you like. Like with virtual memory, they have to be managed by th

Savings are a private virtue and a public vice - the 'virtual memory' of monetary economies if you like. Like with virtual memory, they have to be managed by the economic operating system to make sure they fit with the 'real' space available. The economy really doesn't want you to save. It wants you to invest.