| Subject: | [socialcredit] Swanwick 2 | | Date: | Thursday, December 22, 2005 08:30:06 (EST) | | From: | Triumphofthepast <Triumphofthepast @...com>
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"Savings represent reduction in use of potential purchasing power. And presumably there are others who would like to consume the (goods) available so that they are not wasted? To put it another way, more savings cause greater 'gap' allowing more room for new consumer credits?" (John)
Still not good. We're not talking about INVESTING savings at the moment, at least you didn't say so. Saving in and of itself is just deferring consumption. It sends a signal to production to slow, but no goods are wasted (they would be if production FAILED to slow), and it creates no gap to fill.
Michael
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Swanwick 2
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