tag:blogger.com,1999:blog-3361809912642573802.post4730277788039471478..comments2023-11-27T18:27:16.951-08:00Comments on Sanjayjohn.com: Consumption doesnt help economy, savings do!Sanjay John Gandhihttp://www.blogger.com/profile/14830474058238466179noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3361809912642573802.post-71071504597874210792020-05-25T13:10:46.636-07:002020-05-25T13:10:46.636-07:00”The stoppage in the flow of funds, which is an in...”The stoppage in the flow of funds, which is an inexorable part of time-deposit banking, would tend to have a longer-term debilitating effect on demands, particularly the demands for capital goods.” Circa 1959<br /><br />Nobel Laureate Dr. Milton Friedman was one-dimensionally confused: From Carol A. Ledenham’s Hoover Institution archives: Friedman pontificated that: <br /><br />“I would (a) eliminate all restrictions on interest payments on deposits, (b) make reserve requirements the same for time and demand deposits”. Dec. 16, 1959. <br /><br />I.e., the iconic Friedman conflated stock with flow (not knowing as well, a debit, from a credit, i.e., flow). <br />Salmo Truttahttps://www.blogger.com/profile/13910212017849902362noreply@blogger.com