What National Savings Crisis?

I’ve mentioned before that there is no national savings rate crisis.  Turns out I have not shared any details on the blog.  Here’s an article explaining the savings rate bogusosities that was picked up by Knight-Ridder a while back.

What stimulated this was Alastair Walling’s post in the Market-Based Management blog pointing out that when processes change, the metrics we use to evaluate results may also need to change.  It’s a good point (though I don’t think he really understands the savings rate.)