In bottleneck economies, savings can become symbolic assets where citizens retain formal ownership of their savings while the state controls access to real repayment, as demonstrated by Khrushchev's 1957 policy of suspending bond payments for 20-25 years, which kept savings as symbols while gatekeeping their economic value.
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Savings as a SymbolAdded:
to the park. That sounds like a dark joke, but isn't.
In 1957, Khrushchev's moved to stop the annual bond drives and suspend payments due on early bonds for 20 to 25 years.
That's the bottleneck economy speaking in its most honest voice.
Your savings will stay in your hands as a symbol.
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