(Not) Thinking About Money
…against being confused by other widespread usages, like “savings” (plural). That term implies some vague, undefined stock of holdings; the label “savings” doesn’t appear in any national accounts. But it can only…
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Where Does Wealth Come From?
…no national-accounts stock measure of “savings,” by the way, even though you hear that usage all the time — including, constantly, from people who should know better like Ben Bernanke….