Yellen, Summers Say Central Banks No Match for Savings Glut

There is nowhere for the savings to go. What investment can you trust when central governments print money like it is going out of style, retail is hamstrung until further notice, and everyone who is qualified for a loan has one? The stock market is clearly inflated, consumer credit has been stretched to the breaking point, and small businesses are failing left and right.

Paywall less alternative: https://financialpost.com/pmn/business-pmn/yellen-summers-sa...

I'd love for someone who understands things to compare the Yellen/Summers comments to that of Clayton Christensen's "Capitalist's Dilemma"[1] from eight years ago. For example, it seems to me that an additional capital gains bracket that incentivized very long-term investment would encourage more to invest.

[1] https://www.nytimes.com/2012/11/04/business/a-capitalists-di...