A balanced view of Saving

[Harry Veeder <eo200@xxxxxxxxxxxxxxxxxxx>]

Title: A balanced view of Saving

Pathological saving does cause unemployment, but all saving is not 
necessarily pathological. There is healthy saving and pathological saving or 
hoarding.

Hoarding is motivated by the anticipation of losing monetary rewards.

Healthy saving is motivated by the anticipation of greater non-monetary 
rewards. This is the proper application of the principle of delayed gratification 
to economic theory.

A balanced theory of saving could eventually tells us how to achieve full 
employment without inducing inflation.

Harry Veeder