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→Disincentive to savings
==Disincentive to savings==
==Disincentive to savings==
Inflation causes ordinary people to quit saving for two reasons: (1) the return on savings is nowhere near the loss in value of their money had they spent the many rather than invest; (2) ordinary survival skills make it impossible for some people to save money, having to concentrate on the bare necessities. The longterm effects are both devastating and permanent, as people quit saving for a home down payment, or a child's education, for example.
Inflation causes ordinary people to quit saving for two reasons: (1) the return on savings is nowhere near the loss in value of their money had they spent the money rather than invest; (2) ordinary survival skills make it impossible for some people to save money, having to concentrate on the bare necessities. The longterm effects are both devastating and permanent, as people quit saving for a home down payment, or a child's education, for example.
Inflation, and government so-called "stimulus" programs which fuel inflation, have a destructive impact on job creation and future [[economic growth]]. National savings is the sum total of all savings held in U.S. banks, and is the pool of money that banks lend out for job creation. When national savings dry up, it becomes impossible to lend money for startup businesses to create jobs for a growing population (alternatively, foreign investment, or foreign companies buying up U.S. companies or expanding their operations in the United States, can make up the difference and has made up the difference in the United States in recent decades. Americans being indebted and beholden to foreign corporations and governments brings its own set of problems).
Inflation, and government so-called "stimulus" programs which fuel inflation, have a destructive impact on job creation and future [[economic growth]]. National savings is the sum total of all savings held in U.S. banks, and is the pool of money that banks lend out for job creation. When national savings dry up, it becomes impossible to lend money for startup businesses to create jobs for a growing population (alternatively, foreign investment, or foreign companies buying up U.S. companies or expanding their operations in the United States, can make up the difference and has made up the difference in the United States in recent decades. Americans being indebted and beholden to foreign corporations and governments brings its own set of problems).