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Prosperity is generated by production not consumption. And who's most likely to invest in improving productivity? I don't worry about stimulating demand when
by stretchwithme 5y ago
Prosperity is generated by production not consumption. And who's most likely to invest in improving productivity?
I don't worry about stimulating demand when bubbles collapse. The viable parts of the economy get to pay lower prices for everything. That stimulates ORGANIC recovery and growth and avoids re-inflating the bubble in the fake parts of the economy that will only re-collapse again.
Delaying the collapse of unsustainable pricing and investment in non-viable sectors only makes their collapse bigger and more wasteful.
- CRConrad 5y ago> Prosperity is generated by production not consumption. Ya sure? So, if the economy produces oodles of luxury goods, but nobody gets to live in luxury by using them, because they're all put in storage -- "it's all about production, not consumption, dontchaknow?" ... How does this production lead to prosperity? Production and consumption go hand in hand.