Savings vs Hoarding

Money is not apples, money in a bank account doesn't rot. Why make it rot artificially? You don't explain.

Putting money in a bank is not hoarding it. The bank loans out the money to people who invest/spend it.

No one squirrels away money-- savings in a bank is still reinvested into the economy, by the bank through lending. Unless you are literally sticking money under a mattress, it gets circulated.

Money that is not being spent is almost always being invested. If cash is literally being hoarded under a mattress it’s neither being spend nor invested but that means that the value of everyone else’s money goes up by some infinitesimal amount. If Bill Gates turned his entire fortune into cash and then set it on fire the assets that that cash used to represent would not disappear. Bill Gates would just have made all other holders of dollars a bit richer.

Doesn't the "hoarding money" thing only even apply if you keep your money as literal physical cash in your mattress?If it's in a bank account, it's being lent out and is working, no?

The proposition is not that people won't spend money. The proposition is that they won't invest the money that they're not spending. Keeping money under the mattress is not competing against groceries and Netflix, it's competing against government bonds and/or interest-bearing bank accounts.

there will be no inflation because the money is not being spent. It is being invested. As for savings, no sane person would put their money into a savings account. Why lend your money to the bank (if you even have any to spare)?!

If it's in a bank account, it's not being hoarded. It's being loaned out and the people who get the loans are spending it on houses, businesses, automobiles, etc...

Why don't they just put their money in a bank, or invest it?

Btw don't save in money. Save in stocks or bonds. The banks don't need your money for loans.