Saving (as distinct from investment in productive things) is also bad for the economy. A small amount of buffer may smooth the working of the economy, but stored cash/assets are dead weight - it's better if people are spending immediately, keeping the cash circulating into productive things.
lmm|9 years ago
irln|9 years ago
Curious, are US treasuries or interest in a savings account considered "dead weight" in your definition?
wmf|9 years ago