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I don't understand why people are just shrugging off the adjective 'naturally'. Interest rates in the present system aren't natural, they are set by the central banks.

A system where a small number of central bankers choose a number might be a good system, but to call it natural is an abuse of language. If the 'natural' rate for lending money was 10%, we'd never be able to find it because the US, European and whichever other central banks would intervene.

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which part of savings glut do you not understand?

I understand what a savings glut is.

The point is, we wouldn't know if we had one because that the interest rates are a number being chosen by a small committee. We might not have a savings glut, we might have a natural rate of interest at 10% that is being suppressed by central banks.

There is a minor pension crisis in the United States and their infrastructure is not in great shape. That doesn't make it look like there is a savings glut. There is a lot that needs to be done.

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