Does hoarding wealth damage the economy?

More and more, I've come to realize that money in the economy is like blood in the body. There might be a constant amount in a system, but there's a big difference in one's health between it constantly flowing, versus it pooling in one place. read more

Yes hoarding wealth damage the economy because keeping the wealth ideal is an opportunity cost and this opportunity cost costs to the national economy by two ways. (i) This wealth could have been used in a project that will give employment, increase GDP growth by producing output and stimulate the demand and supply of the economy. read more

Hoarding money has an economic term: Savings. An increase in savings is a decrease in monetary velocity. Economic growth is measured in production, which is generally expressed in real GDP, and savings slows that down by lowering consumption and investment. read more

3. Supply-side economics leads to a bubble economy with bigger and longer recessions. One of the most dramatic and intentional yet underreported effects of supply-side economics was to convert a stable wage-based economy into an unstable asset-based economy. read more