A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output.
“But now I feel off the grid. I feel that I am not part of the culture. And because I don't have a car I don't really go anywhere to buy things. In fact, I have been in a slow process of selling and giving away everything I own.”