Say Law

 

Concludes Monsieur Say:

Money performs but a momentary function in this double exchange; and when the transaction is finally closed, it will always be found that one kind of commodity has been exchanged for another.

We must conclude that there can be no excess of savings. Savings equal stored wealth.   To argue that savings injure society is to argue that wealth injures society. Only an Ivy League economist can argue it.   And savings spring from production as the fruit springs from the seed.