The wonder isn’t that these people aren’t saving money in the banks, the wonder is that anyone is saving money anywhere in the economy.

I sometimes wonder if these genius types making these pronouncements have the brain power to get out of their own way, walking through doors. It sure doesn’t seem that way, listening to them pronounce “wisdom” on whatever they decide to talk about.

I mean, it isn’t like anyone has really been incentivizing anything like saving for the future, now is it? Instead, the decisions made in the government and all the rest of society press for more spend, spend, spend, while not doing a damn thing to say anyone ought to be saving for a rainy day. What is the message of the mass media in popular culture? Is anyone making rap songs about putting ten bucks a week into a bank account, or are they all talking about how to blow your wad on champagne and high living?

I think it is far more likely that Mr. Kling has simply failed to grasp something very basic.