The Fed’s been pumping money hand over fist for the last few years, and economists have been wondering, “Where’s the inflation?” Turns out, it’s because consumers have been “hoarding money.” Or, what used to be called savings.
In the wake of the most severe economic downturn in most of ours lifetimes, is it surprising that many of us have been putting more cash aside? Yet, because we’re not doing what the Fed and the .gov wants done, they’re going to spin responsible financial actions as greed or irrational.
Screw them. People make better choices if they aren’t panicked. Savings help reduce panic when an unexpected emergency hits, and allow consumers to make better choices.
It’s our money. It’s our choice. Do us all a favor and get the hell out of the way.
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