The importance of saving over spending for economic progress is largely a  
morality play. The economic analysis involved is slim in comparison  with 
the  
Victorian morality that Keynes pilloried with his dictum on our fate in the 
long run. 
 
Plus the prevalent market mentality tends to equate saving with what 
business  
does and spending with consumers and governments. If the future 
productivity  
of the economy is the issue many transfer payments likely promote this more 
than the sacred investments of Corporate America which is prone to 
invidious  
emulation. 
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