Comments on winterspeak.com: Saving is not Investment

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2009-11-30T17:56:29.908-08:00

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Alas, much error is in the post. Money in the bank...

2009-11-22T04:29:20.848-08:00

Alas, much error is in the post. Money in the bank is not saving. When I take out a loan, I have money in the bank, initially. I can leave it there if I want. May not make sense economically, but it’s not illegal. When I buy a treasury bill with the money, I still owe the loan. Clearly, neither of things has anything to do with saving. And S = I does not depend on nominal versus real.

Addendum to earlier post imagine that people save ...

2009-11-20T13:01:33.601-08:00

Addendum to earlier post imagine that people save for retirement rather than invest and so the boomers reach the age of retirement with huge wads of cash and start spending wouldn't this require a significant offsetting adjustment in consumption. That means in their working years extra investment was not made increasing productivity and it their latter years investment will not slow freeing some extra production for consumption. So gov. will need to make the more and bigger adjustments.

BTW A great way to invest today in energy save capital like insulation.

OK so should saving be discouraged? Should Govern...

2009-11-20T12:49:39.570-08:00

OK so should saving be discouraged? Should Government not sell bonds at all and not insure demand deposits so that people invest more and save less and should currency be only backed by the assets of a bank rather than the full faith and credit of the US gov.? Is it true that the smaller saving is the less its varying can threaten the whole economy?

I think Bryan Caplan's post on money velocity ...

2009-11-19T21:35:32.254-08:00

I think Bryan Caplan's post on money velocity http://econlog.econlib.org/archives/2009/11/what_is_money_v.html also makes this distinction. He says basically that the velocity of money (V in MV=PY) is simply the inverse of savings. In uncertain times, people reduce C and I and increase S; increasing S drives down V (since V is the inverse of S. If V falls and the increase in M doesn't fully offset that, you get falling nominal GDP (PY).

Hey, Winterspeak! Read my latest comment on my &qu...

2009-11-19T17:10:07.271-08:00

Hey, Winterspeak! Read my latest comment on my "Accounting and Economics" post. I've come down (I think, sort of) on your side!