Saving money is generally seen as deferring immediate consumption. Money saved is generally put somewhere to get a yield, which is usually a CD or savings account at a bank. Banks lend their deposits, and if done so in a responsible manner, it is lent towards productive enterprises. Just like any other ecosystem, both savings and spending are connected. One without the other creates imbalance
Anyone who thinks savings is “hoarding” money doesn’t understand basic economics.
sowack
npub12s…rzzke
2024-08-16 17:04:27
in reply to nevent1q…zujx
Author Public Key
npub12sxrqpv3duwh3rpxgyy4leu4p4yt6wukzzg5cvjnqyukahjddyrqqrzzkePublished at
2024-08-16 17:04:27Event JSON
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