3 ms·
Actually, you are both wrong. Production and consumption by themselves do not yield productivity. Both producers and consumers play equal roles in economic prod
by rbranson 16y ago
Actually, you are both wrong. Production and consumption by themselves do not yield productivity. Both producers and consumers play equal roles in economic productivity. Without active consumption, producers would be completely unproductive, regardless of efficiency. Productivity comes when people are able to increase their economic leverage through efficiencies, but also able to complete transactions in the market. For instance, despite all of the hate of partial-reserve fiat banking systems by pseudo-economists, they are extremely efficient at getting the most productive value out of the money supply. This is also why the Internet creates economic value, because it's able to more efficiently pair producers and consumers.
- rortian 16y agoI'm down with what you suggest. The problem with the economy now though is that we have excess capacity. I'm down with going around and blow up factories to solve this (only kidding fbi) but I think it would be easier if we could stimulate demand. >This is also why the Internet creates economic value, because it's able to more efficiently pair producers and consumers. I would say that is one reason why but I whole heartily agree.