11-24-2008, 04:55 PM
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$ Saving Professor
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Join Date: Feb 2007
Location: Milford, OH
Posts: 5,376
Points: 27853.63
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Quote:
Originally Posted by Broken Arrow
Hehe. Interesting perspective, but ultimately flawed.
Truth is, savers do contribute to the economy, just in a different way.
When we contribute to our retirement funds, we are also investing in an investment company's financial well-being.
Even when we simply deposit our money in the bank, we may not be stimulating the local clothing shop or electronics store, but we are certainly doing our part to capitalize our banks and credit unions, giving them more capital to operate their business.
As though the hare can blame the turtle for being caught out in the rain....
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what he said.
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