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Big companies have ridiculous sums of cash on hand right now that they are not investing. People keep wealth in other forms besides banks. There is a lot of h
by jqm 12y ago
Big companies have ridiculous sums of cash on hand right now that they are not investing.
People keep wealth in other forms besides banks.
There is a lot of hoarding going on and it is one of the primary reasons the economy is not growing.
But the point is... as wealth concentrates, consumers lose the ability to purchase. So things grind to a halt. There has to be some mechanism to counter this trend.
- crazy1van 12y ago> People keep wealth in other forms besides banks. Where do people keep money that involves the money truly sitting inactive?
- maxxxxx 12y agoTreasury bonds?
- jqm 12y agoArt. Real estate. Precious metals. Under a mattress. There are any number of places. Besides, just because money is in a bank doesn't mean it is actively being lent out. And even if it is, that isn't really relevant to the original point anyway. Concentration of wealth is bad for a consumer driven economy.