Punishing Savers

May 1979
National Review;5/11/1979, Vol. 31 Issue 19, p599
The article reports that the United States economy is slowing down because of a lack of savings. According to economists, only 4.9 percent of the gross national product was saved in 1978. They added that economies that do not save cannot grow since they cannot accommodate a growing workforce and provide rising real wages.


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