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Subject Are we fools for saving our money, which only gets eaten by inflation?

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Original Message Are we fools for saving our money, which only gets eaten by inflation?

While government fiscal policy provides cheap money to investment banks. The loose fiscal policy essentially robs savers and rewards people who borrow and speculate. Anyone with a pulse knows that the current housing fiasco is the result of loose fiscal policy and a complete failure to regulate fraudulent behavior of everyone in the real estate business, including the investment banks, realtors, appraisers and buyers.

Loose fiscal policy is a primary cause of inflation, and inflation is simply a silent tax, as it lowers the purchasing power of money that is saved as surely as if the government had simply confiscated the money via taxation.

With that said is it still a good idea to save in a 401K, savings account etcetera or spend the money?

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