ABSTRACT

“Fidelity Fiduciary Bank” provides a couple of economic lessons. First, for each dollar invested, there must be a dollar saved. The song states that by saving they will help provide funds to invest in “all manner of private enterprise: shipyards, the mercantile, collieries, tanneries.” The funding for these items often comes from savers, and the song illustrates how lending and saving go hand in hand and how that leads to economic growth. The principle that savings equals investment is taught in principles of macroeconomics courses, and is illustrated here.