The savings of nations, By Publius

The Economics

When you earn more than you spend, you save. What do you do with your savings? If it’s a small amount, likely to vary from month to month, you probably let it sit in your bank account or equivalent. The amount the bank owes you increases, and you feel a tiny bit richer. A small, unnoticed by most, effect of this is that you become a tiny bit more expose…