[ExI] Savings and wealth
mbb386 at main.nc.us
Sat May 30 11:21:47 UTC 2009
Stathis and Dan -
What do y'all mean by "saving"? Do you mean buying a Treasury bond or putting it in
a savings account, or are you meaning putting it in a hole in the garden?
If you're buying a bond or a CD or using a savings account, doesn't (much of) the
money go out and get used in loans to people?
Just because someone is saving their money doesn't mean it's gone out of
circulation, unless they're putting it under the mattress for safekeeping...
*Somebody* is using it.
Without somebody saving, where's an entrepreneur to get venture capital?
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