Monetary Reform - Need and Method (excerpt 1 (1939)) con't

our society has been greatly encouraged by the government to save; but saving and hoarding our present type of money (itself a limited and valuable commodity) only accentuates the evil of insufficient money circulating to keep trade moving - it is a fear of illness, old age, or future want, which usually causes men to indulge in undue saving or money-hoarding - but if a full livelihood could be guaranteed for all the aged, and for the needy, and for the sick, then the fear of old age and illness would vanish, making saving unnecessary - the simplest system to check undue money-hoarding would only waste paper - this would enforce full spending, vastly improving trade and benefiting everyone.