Saving is Stimulus
The 19th century political economist Jean-Baptiste Say observed that excessive consumption is the equivalent of capital destruction, because the amount of capital available to new businesses is being reduced...So while it is certainly true that we produce in order to consume, it is pure myth to suggest that parsimony is an act of economic destruction. More realistically, when individuals spend with abandon they're not only depriving themselves of interest and future financial security, they're also depriving industry of the capital necessary to grow...
In truth, if we must have the economic retardant that is stimulus foisted on the economy, the single best thing its recipients could do would be to put the money in the bank. At least then money borrowed from the private sector by the government for immediate consumption would potentially be made available to businesses eager to grow.
So despite the conventional wisdom telling us that we must spend irrationally in order to boost the economy, the simple fact remains that individuals can only grow wealthy if they save first. And when people work to enhance their personal financial situations, they're also providing real stimulus to the economy thanks to existing and future businesses having access to capital.
And he has another one here. "Government solutions Are Slowing the Economy"