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> So nobody really knows what to do about a capital glut and a demand shortage. Sure they do. The concept of "Unlimited Wants" and Thorstein Veblen's "Pecunia
by throwaway_1010 11y ago
> So nobody really knows what to do about a capital glut and a demand shortage.
Sure they do. The concept of "Unlimited Wants" and Thorstein Veblen's "Pecuniary Canons of Taste" pretty much wrap up a capital glut. Spend it. Money flows somewhere. A demand shortage is not necessarily permanent (horse carriages vs automobiles withstanding)...that's one of the many reasons why the word pivot exists in YC vernacular. Everyone/everything living consumes. There are demands that are fundamental, and demands that are extraordinary. A market exists for all demands, no matter how small or how large. Demands = needs small or great. If you are selling buggy whips in the automobile age, yeah, you might have a demand shortage...so think and pivot. Absolutes have a place in extremum; an exercise left to the reader.