as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
why is everyone saying how desperately we need to save money in this economy?
user
this was called financial repression by edward s. shaw and ronald i. mckinnon from stanford (https://en.wikipedia.org/wiki/financial_repression). financial repression is the situation, when government is stealing from people, who rely heavily on saving, rather then on spending. meaning that your saving rates will be a lot worse then inflation rate. financial markets are artificially hot and interest rates artificially low (average historical interest rate is 10%). this could be a possible predictor state to hyper-inflation.
assistant