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Certificate with Shadow Icon Images

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Tags: awareness ribbon icon, icon constructor 3.52, cute love icons, icon timax short, techno icon

The difficulty is caused, hence, by that the savings certificate means Not replacement of present consumption by any other additional The consumption which preparation requires the same economic activity

In the present what would be required in connection with present consumption,

As to that, i.e. Possibilities to consume uncertain subjects in The uncertain moments of time. Absurd, though almost general opinion,

As if the certificate of individual savings is the same blessing for effective

Demand, as well as the certificate of individual consumption, has grown because of error,

In comparison with this opinion of more plausible, as if growing desire To have riches is in general the same, as growing desire To invest, and that it therefore creates by increase of demand for objects Profitable premise of the capital stimulus to their expansion. Then the such In the image as if the individual savings promote in the same degree To current investments in what it reduces present consumption.

This error from the category of what it is the most difficult to leave. It

It is generated by belief as if it is necessary for the holder of riches capital

Property as that whereas it the expected actually interests The income of this property. The expected income entirely depends from Effective demand assumed in the future in its relation to the future

To offer conditions. Therefore, if the savings certificate in any way does not raise

The expected income, it also will not promote investment. Besides, that

Riches, not necessarily it is required, that the new has been made

Capital property. The in itself certificate of savings from outside one person,

Being, as we have shown above, bilateral transaction, compels someone Other to transmit to this person a known subject of riches, old or new. Each certificate of savings involves the inevitable "compelled" transfer Riches to the one who saves up though it in turn can suffer from Savings of others. These transfers of riches do not require creation new Riches - in practice as we saw, they can even actively interfere To it. Creation of new riches entirely depends on, whether will reach

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