In our society we are taught to view saving and thrift as virtues. But is that really a rational perspective? Consider this excerpt from The Economics of John Maynard Keynes by Dudley Dillard (1948): Specifically, let’s focus on this part: "Attempts to save, which are successful so far as the individual in concerned since he adds to his individual wealth, may be self-defeating and even positively harmful so far as society at large is concerned."
Great article!