Why? Because savings (and other factors as well) remove money from the macro-economic flow of the economy necessitating the creation of additional money in the form of Debt/Loans in order to try to approach an equilibrium…that isn’t possible solely within the paradigm of Debt Only.
Now, if you had a relatively abundant universal dividend and high percentage discount to retail prices gifted to the individual so that everyone’s individual income and purchasing power was increased by a factor of 2 or maybe 3 times what it presently is….and because the discount also eliminated any possibility of inflation….a vast increase in saving wouldn’t matter….because it would virtually eliminate the necessity to borrow to keep the macro-economy (kinda) flowing….and everyone would have lots of extra cash and many would be saving rather large amounts of it in case they needed it for an emergency or they wanted to buy some big ticket item….rather than borrowing most or all of it in order to “purchase” it.
Ending the necessity of continual borrowing and significantly downsizing the market for debt with the above new monetary paradigm policies will end savings being a macro-economic vice.
In other words the deepness of change of the new monetary paradigm of Direct and Reciprocal Gifting….enables a resolution of the paradox of thrift in macro economics!!!!!!