With our national savings rate well below one-percent, it is imperative that the government embrace innovative and cost-effective means of boosting personal savings.
A lot of the money in the stock market is really our national retirement plan, for better or worse.
On balance, after weighing the arguments, I believe that the time has come for Australia to create a new sovereign wealth fund.
Trade balances are determined by national savings propensities, not exchange rates.
Saving petrol is saving India's money. This is a sense of patriotism. The country can be energy-independent by energy conservation. I appeal to the other ministers also to do this.
And when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg.
America today has insufficient savings to finance both crucial investment and its consumption of imports.
