A perspective on saving

["Barry Brooks" <durable@xxxxxxxxxxxxx>]

Please tell me why the following is wrong.

It is absurd to believe that any wealth is created by just simply saving
money.  Honest saving is only defered consumption.  If so savings has no
relation to investment.

Investment may make/take money, but when a loan is repaid with interest the
interest is just a measure of the artificial scarcity of money.  Usury would
be rare if the government made investment funds available for needed repair,
expansion, and research.  Saving as a means of getting something for nothing
is an illusion or a way of stealing.  It's no accident that the interest
rate and the inflation rate move together under most circumstances.

Defered consumption means that the saving of those who save and those who
spend their previous savings must match to avoid price changes.  If
automation allows few workers to do the work a few workers could easily
carry lots of spenders of savings.  Better yet, let's just take care of each
other, and the systems upon which we all depend.

One can't save hamburgers for retirement. (Frozen for forty years?) Current
consumption requires current production.  Eating after retirement requires
that the economy at that time can produce fresh hamburgers. If the system
destroys natural resources or is sapped by privitizing bandits the savings
will have no later value.

As for the shortage of workers, that's crazy propaganda.  Due to automation
we have a huge surplus of labor. That's why we need demand stimulation,
right?

Barry Brooks