R. W. Bradford

We’re not earning any money by ‘saving.’ The government is manipulating the economy for nobody’s good but its own. Republicans and Democrats both do this; probably Democrats do it for worse purposes than Republicans.
But it’s about time that we all learned what’s going on. Call it a lesson in economic reality.

R.W. Bradford, “Why Don’t Americans Save?” Liberty (June 2005), pp. 23 – 25. In this essay, Bradford proposed a new statistical measure of economic life, the True Yield on Savings (TYS), with which he calculated, several years before the financial crisis of the late aughts, that, at that time, “you lose money when you save.”