Piling up savings in one place imposes unemployment on the rest. High savers should consume more, allowing the big spenders to export more and start living within their means without dooming them to hair-shirted stagnation.
沃尔夫正确地指出，这种论点在经济上是自相矛盾的。某地区的储蓄积压会为其它地区带来失业。忠实的储户应该增加消费，允许消费大户做出更多贡献并保持与其收入相符的生活水平，而不是如苦行者般节衣缩食。如果没人愿意消费，那勤俭节约就不是美德。