Re:Rich Retirees Are Hoarding Cash Out of Fear
by anigbrowl on Tuesday May 16, 2017 @07:19PM
(#14354225)
Economists distinguish between saving, consumption and investment. Excess saving is economically inefficient.
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Re:Rich Retirees Are Hoarding Cash Out of Fear
by incompatible on Tuesday May 16, 2017 @08:04PM
(#14354466)
The amount of cash is determined by central banks. If one person decides to spend their hoard, somebody else will end up with it so the amount doesn't change. Money in bank accounts is lent to somebody else (with a multiplier).