Why are corporations saving so much?

This is offered up as rant of the week with some trepidation. As is typical of Tyler Cowen when he offers up an opinion, he conceals is his real thoughts. The thrust of his argument is not really about whether it is a good thing for corporations to have big cash reserves. Rather, he is focused on the irony of the fact that the people who think that stimulus spending is a good idea also think that it is a horrible idea for corporations to be saving money.

We understand it is a hard argument to follow. But if you get it, it is really quite funny.