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This is a misunderstanding of the issue. If money gains value by sitting in a mattress, there is incentive to not spend or invest and large portions of it effectively gets removed from the economy altogether.
How many people can afford to keep their money under a mattress though? According to studies last year, 57% of Americans could not afford a $1,000 expense.
Why is saving such a bad thing? There's so many articles about how people aren't saving enough for retirement (especially with pensions disappearing as a concept over the last several decades). I know it's been a couple of decades, but just a couple generations ago consumers used to actually benefit from the interest on their savings. My mom likes to talk about how she used Certificates of Deposit to slowly get low-risk, passive income that exceeded the rate of inflation and her mortgage rate and helped to pay off her house. I check every few years and even now CD's just aren't worth bothering with because the rates are so low.
"Savings lowers spending, that's the paradox of thrift. Keep that money in your pocket and the growth will never lift" has some truth to it, but why do we need to perpetually grow on a planet constrained with finite resources? When will our hunger be satisfied?
A lack of savings creates more volatile markets and a worse quality if life for everyone because of it. Toyota famously led the way with their "just in time" business model- reducing inventory down to the absolute bare minimum to operate (savings is not just limited to money). Pretty much every manufacturer in every industry followed suit. Toyota learned it was a bad idea when Japan was hit by an earthquake and they struggled to get parts to make cars- they then reversed course and kept a modest supply of parts on-hand. Most other companies saw this during Covid when "logistical issues" (really the greed of these businesses leading to inadequate insulation from supply chain disruption) led to shortages of almost every consumer good.
Economists seem to forget sometimes that money needs to be used for things other than passively making more money.