Since savings enable the production of capital goods, real savings are obviously at the heart of the economic growth that raises living standards. While the central bank monetary inflation artificially increases monetary savings via the increase in the monetary income of individuals, it weakens real savings. What matters for economic growth is real, not monetary, savings. While central bank monetary inflation increases the monetary savings of some individuals, all other things being equal, this process weakens real savings. And what matters for economic growth is real savings, not monetary savings.