Ed Huntress wrote:
wrote in message
...
Ed Huntress wrote:
Dollar bills do not constitute a savings account if you're the
federal government. Even if you stick it under the mattress, all you're
doing is subtracting from and then adding to the money supply. You aren't
actually saving something with asset value.

This must be incorrect because as soon as you transfer the dollar bills
they have undeniable asset value!

Bill

Transfer whose dollar bills, from where to where, Bill?


As soon as you transfer the dollar bills from the "government savings
account" to another spending entity (you, me, GM, or China).

The gist of my comment is that (government) fiscal restraint is a good
thing. Excess inflation is not a good thing--at least, not for savers.