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> "To increase production, man must form capital. To create it, he must restrict his consumption and transfer his labor for that period to producing immediately
by RikNieu 8y ago
> "To increase production, man must form capital. To create it, he must restrict his consumption and transfer his labor for that period to producing immediately-satisfying consumers’ goods."
Well, the problem with using that statement to downplay consumption is that it starts with the objective of wanting to increase production. But why would one want to increase production? Because demand(consumption) demands it.