The Benefits Of A Saving Culture

Source: Cobden Centre
by Alasdair Macleod

“Savings are a vital component of any successful economy, and the foolishness behind the paradox of thrift is exposed in this article. It has been a huge error for Keynesian policy makers to discourage savings in the interests of temporary boosts to consumerism. It is probably too late now but encouraging people to save by removing all taxation from savings makes an enormous contribution to reducing price inflation and trade deficits, while enhancing national wealth. This is evidenced empirically and demonstrated by reasoned theory.” (01/12/23)

https://www.cobdencentre.org/2023/01/the-benefits-of-a-saving-culture/