Post
Topic
Board Economics
Re: Saving economy at the cost of what?
by
petuel
on 26/06/2020, 19:55:58 UTC
Saving enables the production of capital goods, saving is obviously at the heart of the economic growth that raises people's living standards. Another important role of money is to serve as a medium of saving. Good for the economy because it increases productivity. No matter the savings rate, more savings will translate into more capital.
In my opinion we shouldn't discuss enough/not enough value of the decision 've made us govs.
We rather should think in terms of it economy and inner culture of capitalism.
Capital is worth more than some lives in US, I don't think thats debatable.
Debatable is whether other countries should do the same or not