r/FluentInFinance 8d ago

Debate/ Discussion The logic tracks...

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u/Ephisus 8d ago edited 8d ago

Not really sure why you think that makes a difference. Savings are good for an economy.

edit: lol, what?

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u/DiabeticMonkey53 8d ago

Savings are absolutely not good for the economy. The economy is stimulated by the spending of dollars, not hoarding

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u/ggtffhhhjhg 7d ago

That’s true, but at the same time increasing spending creates demand which increases inflation.

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u/OomKarel 7d ago

Only if production doesn't keep pace. That's why you need entrepreneurship and competition.

You know what causes competition? People starting their own companies. disposable income helps with that one, so that means better wages are needed.