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by Frank Shostak via Mises According to the National Income and Product Accounts (NIPA) the US personal savings rate stood at 13.6 percent in February 2021 against 8.3 percent in February 2020. Since consumption expenditure is considered as the driving force of the economy, obviously a strengthening in savings, which implies less spending, cannot be good for economic activity, so it is held. Conversely, a decline in savings, which is an increase in spending is considered as good news for economic activity. The NIPA framework is based on the view that spending by one individual becomes part of the earnings of another individual. The spending of the purchaser is the income of the seller, or we can say that spending equals income.

New yorkUnited statesFrank shostakNational incomeFederal reserve bankAustrian school economicsProduct accountsApplied austrian school economicsபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்வெளிப்படையான ஷோஸ்த்தக்தேசிய வருமானம்கூட்டாட்சியின் இருப்பு வங்கிஆஸ்திரேலிய பள்ளி பொருளாதாரம்ப்ராடக்ட் கணக்குகள்பயன்படுத்தப்பட்டது ஆஸ்திரேலிய பள்ளி பொருளாதாரம்