Quote:And I've told you what you call hording is called saving in economics, and that's a good thing. When those dirty filthy evil rich guys put a billion dollars into a savings account or savings bond that's the money the bank uses to loan out to us poor working folk to buy a house, car, business and so on.

 

That dirty filthy evil rich guy doesn't put his money into a savings account the bank doesn't have money to lend you or me or anyone else.

No, saving in the sort of amounts that regular people do is fine and quite in the interests of things like fractional reserve banking, but what you espouse is precisely what is causing our current economic troubles.

 

We simply have too much money being horded by too few corporations and individuals, which is choking off the economy which depends on a higher marginal propensity to consume.

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