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To: BfloGuy

-——Saving is not a fallacy-———

In the present context, there can be no saving in the old context. What you consider as saving, socking cash away, is actually losing. There is no return, the value decreases because of devaluation/inflation.


12 posted on 01/01/2013 7:33:20 AM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: bert
What you consider as saving, socking cash away, is actually losing.

Oh, under the current circumstances, you are absolutely right. I took your statement about the "fallacy of saving" to apply in general.

13 posted on 01/01/2013 1:49:39 PM PST by BfloGuy (Money, like chocolate on a hot oven, was melting in the pockets of the people..)
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