"Hoarding" and "Investing" are usefully different (if informal) terms, because they distinguish between very different uses of capital.
"Hoarding" consists of putting all one's assets into extremely conservative classes (gold, cash, vast parcels of real estate in the middle of nowhere) or otherwise removing it from the economy (a yacht that's never rented out and rarely used), thereby depriving useful capital from the economy (e.g., perhaps the "saver" is too lazy or stupid to do anything profitable with the land they own, and they are just holding it as an inflation hedge; or perhaps the yacht is only important as a symbol of status).
"Investing" means making one's capital available to others in exchange for a return and thereby supporting economic exchange and development.
In a finite world, "hoarding" increases one's relative wealth (the multiple by which one is wealthier than, say, the median person) at the expense of most everyone else. "Investing" increases wealth overall, but in doing so decreases one's relative wealth.
Any idiot can hoard; and if an individual cannot invest in order to reliably earn a return that beats 1-5% inflation, it's a wonder they have the money at all in the first place.
"Hoarding" consists of putting all one's assets into extremely conservative classes (gold, cash, vast parcels of real estate in the middle of nowhere) or otherwise removing it from the economy (a yacht that's never rented out and rarely used), thereby depriving useful capital from the economy (e.g., perhaps the "saver" is too lazy or stupid to do anything profitable with the land they own, and they are just holding it as an inflation hedge; or perhaps the yacht is only important as a symbol of status).
"Investing" means making one's capital available to others in exchange for a return and thereby supporting economic exchange and development.
In a finite world, "hoarding" increases one's relative wealth (the multiple by which one is wealthier than, say, the median person) at the expense of most everyone else. "Investing" increases wealth overall, but in doing so decreases one's relative wealth.
Any idiot can hoard; and if an individual cannot invest in order to reliably earn a return that beats 1-5% inflation, it's a wonder they have the money at all in the first place.