On Sunday, November 2, 2003, at 02:54 AM, Danny Van den Berghe wrote:
It is possible for some people to 'save', but then you need other people who
spend more than they earn by borrowing or taking away from their 'savings'.
Savings are simply assets that you own now which you can consume or trade in the future.
By that definition, it is both possible and desirable for every individual on earth simultaneously to save.
There is no zero-sum arithmetical constraint as you describe.
The survival of the species does not depend on the existence of net debtors.
-- Patrick
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