Savings accounts were created to provide an incentive for people to plan for the future. Put money away today, let it grow through the miracle of compounding interest, and have more tomorrow.
Prudent savings is essential to a healthy economy. It offers resilience during downturns, and provides seed capital for productive enterprise.
But we are no longer a nation of savers. The Federal Reserve has killed the incentive to be one.
from Peak Prosperity http://ift.tt/2qJOg6S