Comments on: Saving Is Killing the Economy? http://www.thefreemanonline.org/columns/it-just-aint-so/saving-is-killing-the-economy/ Ideas on Liberty Wed, 15 Feb 2012 03:46:16 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Anonymous http://www.thefreemanonline.org/columns/it-just-aint-so/saving-is-killing-the-economy/comment-page-1/#comment-52175 Anonymous Tue, 06 Dec 2011 13:29:08 +0000 http://www.thefreemanonline.org/?p=11162#comment-52175 waste matter waste matter

]]> By: A V http://www.thefreemanonline.org/columns/it-just-aint-so/saving-is-killing-the-economy/comment-page-1/#comment-45797 A V Wed, 24 Aug 2011 04:47:26 +0000 http://www.thefreemanonline.org/?p=11162#comment-45797 First of all, this article made up for a very good reading. That being said, what is your view on Long term saving? Isn't long term saving in bond markets a hindrance to economic growth as a lot of money gets locked in these bonds? And specially in times like these, people pool their money out of the equity markets and into the bong markets. Would love to know your point of view. First of all, this article made up for a very good reading.
That being said, what is your view on Long term saving?
Isn’t long term saving in bond markets a hindrance to economic growth as a lot of money gets locked in these bonds? And specially in times like these, people pool their money out of the equity markets and into the bong markets.

Would love to know your point of view.

]]> By: Jonathan Finegold Catalán http://www.thefreemanonline.org/columns/it-just-aint-so/saving-is-killing-the-economy/comment-page-1/#comment-17183 Jonathan Finegold Catalán Thu, 03 Sep 2009 15:23:25 +0000 http://www.thefreemanonline.org/?p=11162#comment-17183 I think Garrison and Huerta de Soto explain Keynes' shortcomings best. Keynesian economics does not have a robust theory on capital, and it disallows them to see macroeconomics from the perspective of the capital market. That is why they look at consumption as the end-all and be-all, and investment only as a financial tool. I think Garrison and Huerta de Soto explain Keynes’ shortcomings best. Keynesian economics does not have a robust theory on capital, and it disallows them to see macroeconomics from the perspective of the capital market. That is why they look at consumption as the end-all and be-all, and investment only as a financial tool.

]]> By: Malcolm R. Powell http://www.thefreemanonline.org/columns/it-just-aint-so/saving-is-killing-the-economy/comment-page-1/#comment-17097 Malcolm R. Powell Fri, 28 Aug 2009 20:30:39 +0000 http://www.thefreemanonline.org/?p=11162#comment-17097 FEE articles are welcome common sense analysis of the current economy. So much of the press goes overboard in wishful thinking about purported successes of "obamanomics" or hysterics economics (Paul Krugman comes to mind) Let's all just spend sensibly within our means and do what we can to see that our government turns a corner and does the same. FEE articles are welcome common sense analysis of the current economy.
So much of the press goes overboard in wishful thinking about purported successes of “obamanomics” or hysterics economics (Paul Krugman comes to mind) Let’s all just spend sensibly within our means and do what we can to see that our government turns a corner and does the same.

]]> By: James Ahiakpor http://www.thefreemanonline.org/columns/it-just-aint-so/saving-is-killing-the-economy/comment-page-1/#comment-17066 James Ahiakpor Thu, 27 Aug 2009 23:42:00 +0000 http://www.thefreemanonline.org/?p=11162#comment-17066 I regret that Steve concedes some points to the misguided claim that savings retard economic growth or its recovery in a recession. First is the acceptance that some savings are hoarded in cash. As I have quoted T.R. Malthus to have pointed out a long time ago, "No political economist of the present day can by saving mean mere hoarding." To the classical economists, saving is the opposite of hoarding. Second, not all savings need to be transformed into physical capital or producers' goods to assist in increased production. Some are used to hire workers, the classical "wages fund." It also doesn't help in contradicting the erroneous claims of the likes of Chris Isidore to focus so much on savings being helpful in the long run. Increased savings help in the short run, too. Conceding that savings (may) help in the long run merely plays into the associated Keynes's erroneous argument that "In the long run, were are all dead." In the monetary long run, there are more people alive in the economy than before. It is important to connect increased savings with lowering interest rates both in the short run and long run. I regret that Steve concedes some points to the misguided claim that savings retard economic growth or its recovery in a recession. First is the acceptance that some savings are hoarded in cash. As I have quoted T.R. Malthus to have pointed out a long time ago, “No political economist of the present day can by saving mean mere hoarding.” To the classical economists, saving is the opposite of hoarding. Second, not all savings need to be transformed into physical capital or producers’ goods to assist in increased production. Some are used to hire workers, the classical “wages fund.” It also doesn’t help in contradicting the erroneous claims of the likes of Chris Isidore to focus so much on savings being helpful in the long run. Increased savings help in the short run, too. Conceding that savings (may) help in the long run merely plays into the associated Keynes’s erroneous argument that “In the long run, were are all dead.” In the monetary long run, there are more people alive in the economy than before. It is important to connect increased savings with lowering interest rates both in the short run and long run.

]]> By: Charles Baird http://www.thefreemanonline.org/columns/it-just-aint-so/saving-is-killing-the-economy/comment-page-1/#comment-16971 Charles Baird Mon, 24 Aug 2009 17:12:02 +0000 http://www.thefreemanonline.org/?p=11162#comment-16971 This is one of the clearest expositions of why saving isn\'t bad for an economy in a recession I have read. Good job, Steve. This is one of the clearest expositions of why saving isn\’t bad for an economy in a recession I have read. Good job, Steve.

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