It is perhaps not surprising that the same ideas are echoed by John B. Judis in the ; but when you see the idea that higher savings will actually reduce growth treated seriously in (Looking for Growth in All the Wrong Places, Feb. 3), you realize that there is a real cultural phenomenon developing.
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There is an economic theory that higher savings reduce the rate of growth.
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The notion that higher savings rates some how lead to a reduction of growth cannot be found in any literature.