View single post by Joe Kelley
 Posted: Wed May 4th, 2016 02:42 pm
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Joe Kelley

 

Joined: Mon Nov 21st, 2005
Location: California USA
Posts: 6399
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Mana: 
 Production exceeding consumption is surplus which is potentially savings, investment, or consumption.

Private savings is an increase in purchasing power for the individual.

Collective savings is a decrease in prices of consumables.

That is true reasonably. If maximum collective savings is achieved then, reasonably, prices of consumables reach zero. The opposite reasons out too, as the collective consumption exceeds production to a maximum, every consumable is priceless, or beyond an individual power to purchase.