Will saving more money kill the economy?

If I save more money, will I kill our economy? – “Money still talks, apparently. I just happen to believe it speaks loudest when people are in control of it.”  This topic made me think a little about alternative stimulus.  What if interest on CDs was made tax-free while requiring banks to de-lever gradually?  It may not have made a huge difference, but it may have created willing investors (depositors) in the banks’ survival.

Certainly, savings could be used for emergencies and would help float people in bad times.