Faster Quote by Greg Mankiw
“Higher saving leads to faster growth . . .”
About This Quote
Source Book: Principles of Economics, 2009
Saving more increases capital, which accelerates economic growth.
In simple terms: Saving fuels growth.
Invest savings for future returns.
Themes
Mood
Type
When to use this quote
- personal finance planning
- business expansion
- policy design
Key Concepts
Questions to Reflect On
- Will higher savings today limit your present enjoyment?
- How to balance saving and spending?
Higher saving may reduce current consumption.