Where in the world
by
Stop-truth-decay
07/01/2008, 8:37 PM
did you learn your economics? And were did you learn your history? What do you think becomes of "saved money?" Banks loan it to other people who then either buy stuff with it, or start businesses with it. And the middle man, banks, then have income to invest in the economy.
Keynes recommended deficit financing, but what that basically leads to is inflation/printing money.
And define long term. A hundred years? Twenty? Five? Two?