Economists Are Still Hooked on the Myth that Saving Is Bad for the Economy

submitted by useless_aether from mises.org

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[–]magnora7 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

An economy without savings is like an electrical circuit without capacitors. Any change in the flow of electricity/money will upset the behavior of the system because there is no slack built in to it.

[–]useless_aether[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

https://www.youtube.com/watch?v=lJZNVGpuQ7o