No, I don't think it is the difference between savings and investment because the dichotomy itself is an arbitrary artifact of the monetary regime. Saving shoul

No, I don't think it is the difference between savings and investment because the dichotomy itself is an arbitrary artifact of the monetary regime. Saving should mean things like "saving grain for the next season". That's a real thing that one can use in the future. There are higher-order savings as well, such as futures. Under our arbitrary centralized monetary dictatorship, one that is coercively foisted upon us against our will (whether you agree with it or not is beside the point -- you can't opt out if you wanted to), if everyone "saves," then nothing happens. Economic activity halts. But if savings is in things of value, then to save must mean to cause economic activity.