what if everyone did the same thing as Mary – would the reduction of the consumption of hamburgers raise aggregate (national) saving (and financial wealth)? The answer is that it will not. Why not? Because the fast-food chains will not sell as many hamburgers, they will begin to lay off workers and reduce orders for bread, meat, catsup, pickles, and so on. All those workers who lose their jobs will have lower incomes and will have to reduce their own saving.
Main.chain
