From the 1970s through the mid 1990s, federal deficits absorbed a large share of private saving and reduced the amount of national saving available for investment (see figure 4.1).
Private savings have not been effected since 1965.
mnli hypothesis: Private savings have not been effected since 1965. premise: From the 1970s through the mid 1990s, federal deficits absorbed a large share of private saving and reduced the amount of national saving available for investment (see figure 4.1).