The War On Cash: When they say ‘hoarding' instead of ‘saving' you know you're in trouble

Rogoff and like-minded policy wonks also claim that when people ‘hoard cash' it's bad for the economy; in their view, people should be spending, not saving. This is an incredibly disturbing view shared by many policymakers with God complexes; as Jay Hughes responded to Rogoff in a Wall Street Journal editorial, "When someone uses the term ‘hoarding' instead of ‘saving', it means deep down they believe that others are more entitled to your money than you are." ...''