Tuesday, January 6, 2009

Real Savings, Not Money Pumping, Creates Wealth, Economic Growh, and Jobs


"If it were possible to lift real economic growth by means of money pumping, world poverty would have been eradicated a long time ago. Real economic growth requires real savings to fund various activities that support and promote it. (Remember that money is just a medium of exchange and cannot grow anything. Money is employed to exchange goods of one wealth generator for the goods of another wealth generator.)"