It shouldn’t be surprising that the so-called personal savings rate closely resembles the momentum of money supply. In this way of the RBI can pretend that there is no need to worry about savings, as it can always boost them.
Contrary to to what the talking heads on TV tell you, “spending” and “consumption” are not what causes economic growth
The only difference between these foolish feudal Kings and the eurodollar system of today, is that now our academia has led many to believe that more of the poison is the only way to cure the sickness.
Keynesians (and that includes the great Dr. Swamy) conflate saving with hoarding.
As the Spartans would have said, ‘Molon Labe (come and take it)’
““Our governments have really screwed up. So it’s time to leave the system or be dragged into slavery by staying in it.”