J Mann, Complicated question. If the bank is lending money out for home construction, then your saving is financiag gross investment. But banks also hold lots of government bonds, so you might just be (indirectly) lending money to the Feds. In that case your saving is offset by their dissaving.
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TheMoneyIllusion » Saving isn’t “setting money aside,” it’s BUILDING CAPITAL GOODShink people were saving more in aggregate. But that covered up the fact that people privately saved more and the Federal government saved way less, so national saving fell, if I’m not mistaken. <span>J Mann, Complicated question. If the bank is lending money out for home construction, then your saving is financiag gross investment. But banks also hold lots of government bonds, so you might just be (indirectly) lending money to the Feds. In that case your saving is offset by their dissaving. more to come . . . Marcelo 12. January 2012 at 10:44 Scott, Thought you might appreciate this Ryan Avent Tweet “Scott Sumner would be angry at all of you. He’d say, “They were right abo Summary
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