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by lambertsimnel
1091 days ago
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Doesn't that depend on what you mean by "if everyone saved"? If everyone saved to the exclusion of entrepreneurial activity, we would indeed all be worse off. However, we'd all be just as badly off if everyone bought stocks to that extent. On the other hand, if everyone saved instead of buying stocks, wouldn't banks and entrepreneurs have a common interest in making loans replace stocks in funding entrepreneurial activity? |
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